ADC12 futures close at 22,745 yuan and costs support market
Cast aluminium alloy contract AD2701 closed at 22,745 yuan per tonne on the Shanghai Futures Exchange following a 0.33% decline. Scrap costs and strict tax inspections limited the fall in prices, while end demand remained stable with hand-to-mouth purchases.
By aluminio.ar · Based on reporting by Shanghai Metals Market
What you need to know
- Registered cast aluminium alloy warrants on the Shanghai Futures Exchange totalled 8,919 tonnes on 30 October.
- SMM A00 aluminium closed at 23,780 yuan per tonne, with an increase of 40 yuan compared to the previous session.
- ADC12 quotations outside China fell to a range of USD 3,050 to USD 3,090 per tonne.
Read the full story on Shanghai Metals Market
aluminio.ar’s own summary, written with the help of artificial intelligence, checked against the source and translated into English. The full content and its rights belong to the original outlet.
