SHANGHAI, Feb. 15 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,870-15,900/mt on Wednesday, with discounts of RMB 20-50/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 15,970-16,000/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,830-15,870/mt. With only one day ahead of the delivery of the SHFE current-month aluminum contract, spot aluminum prices fell slightly with resistance at the 5-day moving average. Spot discounts over the SHFE current-month aluminum price did not narrow due to the weak consumption. Goods holders were actively selling goods in case the discounts will expand after delivery. But deals were still limited.
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