Shanghai Metal Market
Spot aluminium traded at RMB 14,520-14,540/mt
Edited by : AL CIRCLE
1 min read
Spot aluminum was mainly traded at RMB 14,520-14,540/mt in Shanghai on 22 March, a discount of RMB 70-100/mt over SHFE 1304 aluminum contract prices. Low-iron aluminum was traded around RMB 14,620/mt.
SHFE 1306 aluminum contract prices inched down, sending spot aluminum prices down as well. Some traders held back goods, but most were in a hurry to sell. Downstream producers rebuilt stocks modestly at low prices as liquidity crunch at the quarter’s end bit in, which did help overall trading improve from the previous day.
SHFE 1306 aluminum contract prices inched down, sending spot aluminum prices down as well. Some traders held back goods, but most were in a hurry to sell. Downstream producers rebuilt stocks modestly at low prices as liquidity crunch at the quarter’s end bit in, which did help overall trading improve from the previous day.
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