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Home / Metal News / SHFE Aluminium Fell Slightly and the Spot Market of Aluminium Ingots was Weak

SHFE Aluminium Fell Slightly and the Spot Market of Aluminium Ingots was Weak

Jun 8, 2022 13:32

Source:SMM

SHFE aluminium fluctuated at 20,800 yuan/mt and fell below the daily moving average at 20,65 yuan/mt as the metals generally declined. In terms of spot market, the premiums of aluminium ingot in east China remained at 50 yuan/mt, but the warehouse problem continued to affect the poor market transaction.

SHANGHAI, June 8 (SMM) - SHFE aluminium fluctuated at 20,800 yuan/mt and fell below the daily moving average at 20,65 yuan/mt as the metals generally declined. In terms of spot market, the premiums of aluminium ingot in east China remained at 50 yuan/mt, but the warehouse problem continued to affect the poor market transaction. The aluminium ingot spot prices in Zhongyuan (Gongyi) were quoted in discounts of 70-80 yuan/mt over SMM A00 aluminium ingot price while some were shipped in discounts of 100 yuan/mt. The procurement was made as needed and the market transaction was still poor.

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