Shanghai Metal Market
East China Aluminum: Wait-and-see Sentiment Gains Strength amid Drastic Fluctuations
Edited by : AL CIRCLE
1 min read
Traded prices of spot aluminum in Shanghai were between RMB 16,460-16,500/mt on October 25th, with premiums of RMB 0-20/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,550-16,570/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 16,420-16,480/mt. Goods holders were actively touting their goods at zero premiums over the SHFE current-month aluminum price after SHFE aluminum prices dropped, which, however, was rarely responded with purchases. Though aluminum futures gained later, spot aluminum prices were little changed as most traders stood on the sidelines. Market transactions were quite limited.
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