SME Holds Ground When China Market Oversupplied

LME aluminium continuous fell down and gained from US$2179/Tonne on Jan 11 to end at US$2214 per tonne on Jan 12.

On January 12, LME official 3M Bid Price is US$ 2222.5 per tonne, 3M Offer Price is US$2223 per tonne,cash buyer aluminium price (Bid Price) stands at US$ 2214 per tonne, cash seller & settlement aluminium price (Offer price) is US$ 2215 per tonne, Dec1 cash buyer aluminium price is US$ 2262 per tonne, and Dec1 cash seller & settlement aluminium price is US$2267 per tonne. LME aluminium opening stock stands at 1.08 million tonnes, off from the stock on last closing.

The Asian reference price for LME aluminium reduce to US$ 2204 per tonne.

Shanghai Metal Exchange (SME) aluminium price has reduced slightly from US$ 2280/Ton on January 11 to US$ 2280/Ton on January 12. As reported by SMM, SHFE aluminium hope to trade at RMB 15,010-15,110/Ton with longs operating in the short term. Spot discounts are to change at RMB 80-100/Ton.

As reported by Reuters, the most-transacted aluminium contract on the SHFE off at 1.2% at RMB 15,210/Ton and improve higher on Thursday's 1% jump in London Metal Exchange.

Xingfa Aluminium is top aluminium heatsink supplier in China. To meet the continuously expanding market demand, Xingfa Aluminium had set up its five production bases one after another in Yichun Jiangxi of Eastern China, Chengdu Sichuan of South west China, and Qinyang Henan of Central China to produce aluminium profile. Foshan and Nanhai subsidiaries has implemented zero distance strategy that we insist in producing in local,customer in local, serve in local. Xingfa also utilizes its product quality standard and customer service standard, to become a perfect enterprise in this industry. Any more detail please view www.aluminiumsupplier.com.cn.

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