08 OCTOBER 2012Shanghai Metals Market
East China Aluminum Spot Trading Light on Falling SHFE aluminum
Edited by : AL CIRCLE
1 min read
Spot aluminum was mainly traded between RMB 15,460-15,480/mt in Shanghai on Monday, with discounts between RMB 80-60/mt. Low-iron aluminum was traded near 15,540/mt. The most active SHFE aluminum contract drifted lower after a low opening, dampening sentiment. Although this week is the last week before the Chinese National Day holiday, downstream producers stood on the sidelines and purchased as needed on falling SHFE aluminum prices.
Cargo holders were eager to move goods, dragging traded prices slightly down to RMB 15,460/mt. Overall trading was light.
Cargo holders were eager to move goods, dragging traded prices slightly down to RMB 15,460/mt. Overall trading was light.
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