http://en.smm.cn/
East China Aluminum: Premiums Narrow as Transactions Plunge
Edited by : AL CIRCLE
1 min read
Traded prices of spot aluminum on July 14 in Shanghai were between RMB 17,540-17,570/mt, with premiums of positive RMB 20-50/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,570-17,600/mt. Traded prices of spot aluminum in Wuxi were RMB 17,540-17,570/mt. SHFE current-month aluminum prices were struggling near RMB 17,500/mt. As the delivery date is drawing near, cautious sentiment was strong among purchasers and spot aluminum premiums narrowed as a result. However, aluminum traders were still unwilling to move goods and kept their quotes high. Market transactions were rarely reported as a result.
Previous article
SMM Morning Review – 2011/7/14 Aluminum Market
Next articleAlcoa Aims for $19.75 as JV in Saudi Arabia Gets Funding
Grow with
AL Circle
