Metals News
East China Aluminum: Discounts Expand, Main Transactions Done at Low Prices
smm insight

SHANGHAI, Dec. 20 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,890-15,920/mt on Tuesday, with discounts of RMB 0-20/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 15,920-15,960/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,880-15,920/mt. SHFE aluminum prices were not likely to rebound, boosting selling interest among goods holders, but sluggish consumption causing discounts to expand narrowly. Meanwhile, most goods holders held firm at RMB 15,900/mt mark, so main transactions were done at the mark or at low prices. Trading volumes were limited.

East China
aluminum price
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