Spot Aluminum Price Movement in East ChinaAuthor:Site Source:Network Click to rate:1131 Post time:2014-05-27
Tags: Shanghai aluminum prices
SHANGHAI, May 27 (SMM) - Spot aluminum largely traded between RMB 13,220-13,230/mt in Shanghai on Tuesday, a discount of RMB 60-70/mt over SHFE 1406 aluminum contract. Mainstream traded prices were RMB 13,210-13,230/mt Wuxi and 13,270-13,280/mt in Hangzhou. SHFE front-month aluminum contract lost more than RMB 150/mt, fanning bearish sentiment in physical markets. Buyers refrained from entering the market, sending prices down.
from metal.com