en.smm.cn
East China Aluminum: Spot Premiums Steady at RMB 100/mt, Transactions Remain Sluggish
Edited by : AL CIRCLE
1 min read
Traded prices of spot aluminum in Shanghai on July 22 were between RMB 17,790-17,810/mt, with premiums of positive RMB 80-100/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,820-17,840/mt. Traded prices of spot aluminum in Wuxi were between RMB 17,770-17,800/mt. Quick rebounding of SHFE aluminum prices during the day helped spot aluminum prices break RMB 17,800/mt, and spot premiums in Shanghai were kept at positive RMB 100/mt over SHFE current-month aluminum prices supported by supply shortage. However, market transactions were sluggish due to low buying interest at above RMB 17,800/mt.
Previous article
LME MORNING - Metals edge up while investors track macro developments; tin, aluminium strong
Next articleSouth China Aluminum: Spot Price Breaks RMB 18,000/mt Supported by Supply Shortage
Grow with
AL Circle
