East China Aluminum Prices Fall Sharply amid Thin Trading (Sept. 29, 2015)
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.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.