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Aluminum Prices in East China Dip, Trading Sluggish

Author:Site  Source:Original Site  Click to rate:1130  Post time:2014-08-06

Tags: Shanghai aluminum prices

SHANGHAI, Aug. 6 (SMM) - Spot aluminum largely traded at RMB 13,950-13,960/mt in Shanghai and Wuxi on Wednesday, a discount of RMB 30-40/mt over SHFE 1408 aluminum contract. Mainstream traded prices were RMB 13,960-13,970/mt in Hangzhou. Spot aluminum prices followed SHFE 1408 aluminum contract down RMB 60/mt. Traders lost buying interest, while downstream producers sourced only on an as-needed basis.

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