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Aluminum Prices in East China Rebound, Tracking SHFE Aluminum

Author:Site  Source:Original Site  Click to rate:1023  Post time:2014-12-04

Tags: Shanghai aluminum prices

SHANGHAI, Dec. 4 (SMM) – Spot aluminum largely traded between RMB 13,460-13,470/mt in Shanghai on Thursday, premiums of RMB 10-20/mt over SHFE 1412 aluminum contract, versus RMB 13,430-13,450/mt in Wuxi and RMB 13,480-13,490/mt in Hangzhou. Spot prices followed SHFE aluminum up. Tight supply allowed sellers in Shanghai to demand higher prices, but some traders in Wuxi cut offers slightly due to ample supply. 

from metal.com

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