Trading in East China Aluminum Market Muted as Pessimism SpreadsAuthor:Site Source:Original Site Click to rate:976 Post time:2014-10-16
Tags: Shanghai aluminum prices
SHANGHAI, Oct. 16 (SMM) – Spot aluminum largely traded at RMB 13,590-13,600/mt in Shanghai and Wuxi on Thursday, discounts of RMB 50-60/mt over SHFE 1411 aluminum contract, versus RMB 13,600-13,610/mt in Hangzhou. Falling SHFE aluminum prices soured sentiment in physical market. Most buyers took a wait-and-see stance, pulling prices down.
from metal.com