Aluminum Prices in East China Follow SHFE Aluminum Down Over RMB 100/mtAuthor:Site Source:Original Site Click to rate:1068 Post time:2014-12-03
Tags: Shanghai aluminum prices
SHANGHAI, Dec. 3 (SMM) – Spot aluminum largely traded between RMB 13,350-13,370/mt in Shanghai on Wednesday, premiums of RMB 10-20/mt over SHFE 1412 aluminum contract, versus RMB 13,340-13,350/mt in Wuxi and RMB 13,400-13,410/mt in Hangzhou. SHFE front-month contract dropped to RMB 13,310/mt, fueling pessimism in physical market. Buyers showed little interest, sending prices down RMB 150-160/mt.
from metal.com