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

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

iconSep 9, 2015 15:33
Source: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.

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. 



    


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