en.smm.cn
East China Aluminum: Spot Price Hit RMB 17,800/mt, Transactions Limited
Edited by : AL CIRCLE
1 min read
Traded prices of spot aluminum in Shanghai on July 21st were between RMB 17,770-17,800/mt, with premiums of positive RMB 70-100/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,800-17,820/mt. Traded prices of spot aluminum in Wuxi were between RMB 17,750-17,780/mt. Though SHFE aluminum prices fell during the day, spot aluminum prices kept rising and hit RMB 17,800/mt as supported by tight supply. Purchases were reported at small volumes among middlemen, but were rarely seen among downstream buyers. Market transactions were limited despite active sentiment.
Previous article
South Korean Agency Buys 4,000 Tons of Aluminum in Tender
Next articleSouth China Aluminum: Spot Price Falls from RMB 18,000/mt as Market Cools Down
Grow with
AL Circle
