East China Aluminum Prices Down on Panic Selling (Nov. 20, 2015)

Published: Nov 20, 2015 16:10

Save

Falling SHFE aluminum triggered panic selloffs in east China spot aluminum market.

SHANGHAI, Nov. 20 (SMM) –Falling SHFE aluminum triggered panic selloffs in east China spot aluminum market. Downstream demand picked up slightly before the weekend. Prices were mainly between RMB 9,750-9,770/mt in Shanghai on Friday, discount of RMB 130-110/mt over SHFE 1512 aluminum, versus RMB 9,740-9,760/mt in Wuxi and RMB 9,760-9,770/mt in Hangzhou.

Al price Shanghai aluminum prices

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn