China Aluminum and Copper Scrap Metal Prices June 9
on June 9th, 2010 at 12:04 pmAluminum and Aluminum Scrap Prices
Shanghai aluminum shocked up today and closed high. Contract 1009 closed at 14,720 points, up by 555 points, or 3.92%, trading at 14,225 to 14,720, positions increased 5,242 hands, turnover rose slightly.
On the spot market, the Yangtze A00 aluminum 13,940-13,980 RMB/T, up by 180 RMB/T; Shanghai A00 aluminum ingot 13,970-14,000 RMB/T, up by 170 RMB/T; Guangdong Nanchu A00 aluminum ingot 13,970-14,110 RMB/T, up by 100 RMB/T.
Today, the domestic aluminum price rose slightly by 100 RMB/T. buyers procured at a small amount, and supply was sufficient. Latest Market Price: shred tense 12,500 RMB/T, unchanged from yesterday; shred taint 11,900 RMB/T, unchanged from yesterday.
Copper and Copper Scrap Prices
Today, Shanghai copper fluctuated up and closed high. Contract 1009 closed at 50,380 points, up by 970 points, or 1.96%, trading at 49,190 to 50,520, positions increased 3,632 hands, volume fell slightly.
On the spot market, the Yangtze 1 # electrolytic copper 50,050-50,200 RMB/T, up by 200 RMB/T; Shanghai 1 # copper 50,000-50,250 RMB/T, up by 150 RMB/T; Guangdong Nanchu 1 # electrolytic copper 50,000-50,200 RMB/T, unchanged from yesterday.
Today, the domestic copper price rose slightly by 100 RMB/T. Under this uncertain market, intentions of procurement were not strong and watching attitudes were still in the market. Latest Market Price: 1 # bare bright 47,100 RMB/T, unchanged from yesterday.
(1RMB=0.1465USD) | Source www.worldscrap.com
