Aluminum Prices in East China Slide on Tepid DemandAuthor:Site Source:Original Site Click to rate:1144 Post time:2014-08-12
Tags: Shanghai aluminum prices
SHANGHAI, Aug. 12 (SMM) – Spot aluminum largely traded at RMB 13,990-14,000/mt in Shanghai and Wuxi on Tuesday, a discount of RMB 30-40/mt over SHFE 1408 aluminum contract, versus RMB 14,010-14,020/mt in Hangzhou. SHFE 1408 aluminum contract fell after opening higher, causing some sellers to cut offers by RMB 10/mt. Trading was thin.
from metal.com