09 SEPTEMBER 2011Shanghai Metal Market
East China Aluminum: Goods Flow to Middlemen but Downstream
Edited by : AL CIRCLE
1 min read
Traded prices of spot aluminum in Shanghai were between RMB 17,850-17,890/mt on September 9th, with premiums of RMB 0-40/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,890-17,930/mt. Traded prices of spot aluminum in Wuxi were between RMB 17,830-17,870/mt. SHFE aluminum not only led other base metals to gain, but also pushed spot aluminum prices slightly higher. Position building was not seen before the coming Mid-Autumn Festival, and goods movements were mainly seen among middlemen. Market sentiment was slightly active.
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