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Home / Metal News / East China Aluminum Prices Fall Sharply amid Thin Trading (Sept. 29, 2015)

East China Aluminum Prices Fall Sharply amid Thin Trading (Sept. 29, 2015)

Sep 29, 2015 16:11

Source:SMM

Prices in east China spot aluminum market fell sharply on Tuesday, tracking SHFE aluminum.

SHANGHAI, Sept. 29 (SMM) – Prices in east China spot aluminum market fell sharply on Tuesday, tracking SHFE aluminum. Prices were mainly between RMB 11,630-11,650/mt in Shanghai, Wuxi and Hangzhou, discounts of RMB 0-10/mt and premiums of RMB 0-10/mt over SHFE 1510 aluminum. Sellers rushed to sell, but most downstream buyers have completed pre-holiday stocking.

Al price

Shanghai aluminum prices

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SHFE 1707 aluminum opened at RMB 13,840/mt on Monday, and hit a low of RMB 13,720/mt.

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SHFE 1601 aluminum briefly touched RMB 10,625/mt after opening at RMB 10,615/mt on Monday, but then fell back to RMB 10,570/mt in morning trading.

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SMM Aluminum Market Daily Review (2015-10-30)

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