Stainless Steel Pipe Fittings

Aluminum Prices in East China Lose About RMB 200/mt (Jan. 14, 2015)

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Spot aluminum largely traded between RMB 12,470-12,550/mt in Shanghai on Wednesday, discounts of RMB 0-20/mt and premiums of RMB 0-20/mt over SHFE 1501 aluminum contract, versus RMB 12,460-12,540/mt in Wuxi and RMB 12,490-12,580/mt in Hangzhou. SHFE 1501 aluminum contract fell below RMB 12,500/mt as SHFE copper was heavily battered. This left sellers in physical market in a rush to sell, weighing prices down. Lower prices lured some buyers in. Sellers held back goods after SHFE aluminum rebounded later in the day.

Zhejiang Yaang Pipe Industry Co., Limited

Article Categories:
Aluminum · Metals

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