Friday, March 15, 2013

Shanghai Aluminium Inventories Has Increased By 14% In 2013

Aluminium  
 
Aluminium inventories in Shanghai have increased by 14% since the beginning of 2013. Faltering demand of metals and rising supplies has been a major reason of appreciation in inventories. The most active Aluminium contract has increased by 60327 tonnes to 502622 tonnes since January 2013. Shanghai Aluminium contract ended at 14840 yuan per tonne, down 5 yuan on Friday. On LME, Aluminium three month forward was unchanged at $ 1977.8 per tonne. On MCX, Aluminium was trading at 0.19% to Rs 105.75 per kg.
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