East China Aluminum Prices Rise Sharply amid Brisk Trading (Sept. 9, 2015)-Shanghai Metals Market

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East China Aluminum Prices Rise Sharply amid Brisk Trading (Sept. 9, 2015)

Price Review & Forecast 03:33:13PM Sep 09, 2015 Source:SMM

SHANGHAI, Sept. 9 (SMM) –Aluminum prices were mainly between RMB 11,830-11,860/mt in Shanghai on Wednesday, discounts of RMB 70-40/mt over SHFE 1509 aluminum, versus RMB 11,830-11,860/mt in Wuxi and RMB 11,830-11,840/mt in Hangzhou. Traders stockpiled goods in the market to fulfill term supply contracts. This, combined with rising SHFE aluminum, drove spot prices up. Downstream buyers were not active in the market, though. 



    


East China Aluminum Prices Rise Sharply amid Brisk Trading (Sept. 9, 2015)

Price Review & Forecast 03:33:13PM Sep 09, 2015 Source:SMM

SHANGHAI, Sept. 9 (SMM) –Aluminum prices were mainly between RMB 11,830-11,860/mt in Shanghai on Wednesday, discounts of RMB 70-40/mt over SHFE 1509 aluminum, versus RMB 11,830-11,860/mt in Wuxi and RMB 11,830-11,840/mt in Hangzhou. Traders stockpiled goods in the market to fulfill term supply contracts. This, combined with rising SHFE aluminum, drove spot prices up. Downstream buyers were not active in the market, though.