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East China Aluminum Prices Rise in Brisk Trading (Sept. 14, 2015)
SHANGHAI, Sept. 14 (SMM) –Aluminum prices were mainly between RMB 11,880-11,890/mt in Shanghai on Monday, discounts of RMB 50-40/mt over SHFE 1509 aluminum, versus RMB 11,870-11,900/mt in Wuxi and RMB 11,870-11,890/mt in Hangzhou. Processors began stockpiling cargos for upcoming Chinese National Day holiday. This, plus nearing delivery of SHFE 1509 contract, left trading activity brisk. Suppliers thus hiked offers.
East China Aluminum Prices Rise in Brisk Trading (Sept. 14, 2015)
SHANGHAI, Sept. 14 (SMM) –Aluminum prices were mainly between RMB 11,880-11,890/mt in Shanghai on Monday, discounts of RMB 50-40/mt over SHFE 1509 aluminum, versus RMB 11,870-11,900/mt in Wuxi and RMB 11,870-11,890/mt in Hangzhou. Processors began stockpiling cargos for upcoming Chinese National Day holiday. This, plus nearing delivery of SHFE 1509 contract, left trading activity brisk. Suppliers thus hiked offers.
