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Spot Aluminum Price Movement in East China

Author:Site  Source:Original Site  Click to rate:1055  Post time:2014-07-08

Tags: Shanghai aluminum prices

SHANGHAI, Jul. 8 (SMM) - Spot aluminum largely traded between RMB 13,420-13,430/mt in Shanghai and Wuxi on Tuesday, a discount of RMB 50-60/mt over SHFE 1407 aluminum contract, versus RMB 13,430-13,440/mt in Hangzhou. Sellers were anxious to sell for fear that prices would fall, while buyers showed little interest, pulling prices down.

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