Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
11 FEBRUARY 2019 AL CIRCLE

Spot aluminium trades remain sluggish as downstream consumers yet to return from CNY

EDITED BY : DEBANJALI SENGUPTA 1MINS READ

According to Shanghai Metals Market, spot aluminium transactions across eastern and southern China remained poor this morning, the first trading day after the Chinese New Year break. The poor trading occurred primarily because many downstream consumers were not back from the holidays yet.

{alcircleadd}

The front-month aluminium contract on the Shanghai Futures Exchange traded lower in the morning. Spot discounts in Shanghai, against the SHFE 1902 contract, were heard at RMB 60 per tonne to RMB 50 per tonne, in contrast to RMB 30 per tonne to RMB 20 per tonne on the last day February 1, before the SMM went on for the New Year break.

Spot transactions in Shanghai and Wuxi were at RMB 13,260 per tonne to RMB 13,280 per tonne while that in Hangzhou at RMB 13,270 per tonne to RMB 13,290 per tonne. Traded prices lost over RMB 60 per tonne from Friday, February 1.

In Guangdong, on the other hand, spot transactions were seen at RMB 13,320 per tonne, with the Guangdong-Shanghai spread at RMB 50 per tonne.

Tagged with:

Aluminium SMM Price China

Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DEBANJALI SENGUPTA 1MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.