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Aluminum Prices in East China Extend Losses, Tracking SHFE Aluminum

Author:Site  Source:Original Site  Click to rate:1022  Post time:2014-12-17

Tags: Shanghai aluminum prices

SHANGHAI, Dec. 17 (SMM) – Spot aluminum largely traded between RMB 13,210-13,220/mt in Shanghai on Wednesday, discounts of RMB 0-10/mt over SHFE 1501 aluminum contract, versus RMB 13,200-13,220/mt in Wuxi, and RMB 13,240-13,250/mt in Hangzhou. SHFE front-month contract hit two-month low, fueling pessimism in physical market. This forced cargo holders to cut offers.  

from metal.com

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