Primary Aluminium News - Market

Chinese aluminium spot sellers show reluctance to offload cargoes on futures price drop: SMM

  | AL Circle   |

According to Shanghai Metals Market, spot aluminium sellers in east China showed reluctance in offloading cargoes today, December 27, on the occasion of aluminium futures price drop.

In this background, the SHFE January aluminium contract fell in morning trades. Spot discounts in Shanghai were heard at RMB 80 per tonne to RMB 70 per tonne against the SHFE 1901 contract compared to RMB 100 per tonne to RMB 90 per tonne in the previous day.

Most spot transactions in Shanghai and Wuxi were at RMB 13,530 per tonne to RMB 13,550 per tonne while that in Hangzhou were at RMB 13,540 per tonne to RMB 13,550 per tonne. Thus, in contrast to the previous day, the prices today were down by some RMB 140 per tonne.

The drops in prices found driving the purchasing interest among traders, but at the same time, held back sellers from selling their cargoes at relatively low prices. So, the overall spot aluminium trades across eastern markets were found poor today.

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Related Business Leads
Buying request Aluminium Ingot A7
Intersted to buy aluminium ingot A7. Destination : CIF Korea, Incheon port  First Shipment : 2000 MT Contract Period : 12 months Payment Terms: 10...
Posted On : 21-Feb-2024

Buying request Aluminium Ingot
Interested to buy aluminium ingot. Destination : Czech Republic Purity: 99.7% Grade : A7 & A8
Posted On : 21-Feb-2024

Buying request Aluminium Ingot A7
Interested to buy aluminium ingot A7. Purity 99.70% min Standard GOST 11069 - 2001 Trial Order Qty 1000 MT ...
Posted On : 02-Feb-2024

Buying request Aluminium Ingot A7
nterested to buy aluminium ingot A7. Please note that buyer wants goods must be delivered by train and the name of China railway station will be menti...
Posted On : 29-Jan-2024

Buying request Aluminium Ingot A7
Interested to buy aluminium ingot A7 from Russian exporter Destination : India Place of Origin : Russia  
Posted On : 25-Jan-2024
Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
Jagannath Company

Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals

Alternate Text
CETAG

A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.