SHANGHAI, May 5 (SMM) –Spot aluminum largely traded between RMB 13,130-13,150/mt in Shanghai on Tuesday, discounts of RMB 150-160/mt over SHFE 1505 aluminum contract, versus RMB 13,110-13,130/mt in Wuxi, and RMB 13,150-13,170/mt in Hangzhou. Hedged goods flowed into spot market after SHFE aluminum drifted lower. This exacerbated oversupply, causing prices to fall.



