Aluminum Scrap Metal Prices China June 25

on June 25th, 2010 at 8:39 am

Shanghai aluminum futures open low today and rose, fluctuating down. Contract 1009 closed at 14,830 points, down by 75 points, or 0.5%, trading at 14,790 to 14,970, positions reduced 2,254 hands, volume reduced significantly.

On the spot market, the Yangtze A00 aluminum 14,610-14,650 RMB/T, down by 10 RMB/T; Shanghai A00 aluminum ingot 14,630-14,660 RMB/T, down by 20 RMB/T; Guangdong Nanchu A00 aluminum ingot 14510-14650 RMB/T, down by 50 RMB/T.

Today, the domestic aluminum price was lower slightly. Close to weekend, downstream procurement was positive, and quotation was firm. Downstream inquires were active and overall trading atmosphere was positive. Latest Market Price: shred tense 12,600 RMB/T, unchanged from yesterday; shred taint 11,800 RMB/T, unchanged from yesterday.

(1RMB=0.1465USD) | source www.worldscrap.com