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Aluminum Prices in East China Follow SHFE Aluminum Down Over RMB 100/mt

Author: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

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