China Butt Weld Fittings manufacturer

TOBO GROUP  

TOBO International Trading(Shanghia)Co.,Ltd       Tianda Oil Pipe Co., Ltd

TOBO Pipeline Equipment Co.,Ltd        TPCO & TISCO Pipe(Tianjin)Co.,Ltd.                        

News

May 16, 2018

Active buyers drive brisk trades in south China spot aluminium market

SHANGHAI, May 15 (SMM) – Guangdong saw brisk overall trading on Tuesday May 15 as local downstream consumers were keen to purchase given stable prices of aluminium, SMM learned.

The SHFE 1805 contract rebounded from a low of 14,550 yuan/mt in the morning.

In Guangdong, cargoes with May invoices mostly traded at 14,570-14,590 yuan/mt with Guangdong-Shanghai price spreads around 40 yuan/mt. A major aluminium producer purchased 2,000 mt of cargoes at 14,590 yuan/mt.

In east China, transactions of cargoes with May invoices were mostly done at 14,560-14,580 yuan/mt, with discounts of 10-0 yuan/mt against the SHFE 1805 contract. Transactions in Wuxi and Hangzhou were heard at 14,560-14,570 yuan/mt and 14,580-14,590 yuan/mt, respectively. Traders offered actively earlier in the morning with offers down to 14,560 yuan/mt, from 14,580 yuan/mt. A major aluminium producer purchased 2,000 mt of cargoes at 14,570 yuan/mt.

Contact Details