East China Aluminum Consumption Improves After Prices Fall (May 25, 2015)

SHANGHAI, May 25 (SMM) – Spot aluminum largely traded between RMB 13,000-13,020/mt in Shanghai on Monday, discounts of RMB 120-140/mt over SHFE 1506 aluminum contract, versus RMB 13,000-13,020/mt in Wuxi, and RMB 13,040-13,050/mt in Hangzhou. Some sellers rushed to sell against a pileup of inventories, sending prices down. Lower prices stoked buying interest.