East China Aluminum Prices Fall on Poor Trading (Sept. 15, 2015)-Shanghai Metals Market

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East China Aluminum Prices Fall on Poor Trading (Sept. 15, 2015)

Price Review & Forecast 02:28:27PM Sep 15, 2015 Source:SMM

SHANGHAI, Sept. 15 (SMM) –Aluminum prices were mainly between RMB 11,820-11,840/mt in Shanghai on Tuesday, discounts of RMB 60-40/mt over SHFE 1509 aluminum, versus RMB 11,820-11,840/mt in Wuxi and RMB 11,820-11,830/mt in Hangzhou. SHFE 1509 aluminum fell to RMB 11,880/mt. Processors stayed out of the market against ample market supply, waiting for spot discounts to widen after delivery of SHFE 1509 contract. 




   


East China Aluminum Prices Fall on Poor Trading (Sept. 15, 2015)

Price Review & Forecast 02:28:27PM Sep 15, 2015 Source:SMM

SHANGHAI, Sept. 15 (SMM) –Aluminum prices were mainly between RMB 11,820-11,840/mt in Shanghai on Tuesday, discounts of RMB 60-40/mt over SHFE 1509 aluminum, versus RMB 11,820-11,840/mt in Wuxi and RMB 11,820-11,830/mt in Hangzhou. SHFE 1509 aluminum fell to RMB 11,880/mt. Processors stayed out of the market against ample market supply, waiting for spot discounts to widen after delivery of SHFE 1509 contract.