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East China Aluminum: Spot Discounts Expand with Sluggish Consumption
Feb 16,2012 13:31CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 15,850-15,880/mt on Thursday.

SHANGHAI, Feb. 16 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,850-15,880/mt on Thursday, with discounts of RMB 90-120/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 15,920-15,950/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,800-15,840/mt. Spot discounts over the SHFE current-month aluminum prices expanded above RMB 100/mt on the delivery day. Buying interest among downstream enterprises was low while goods holders were actively moving goods, dragging aluminum prices down. Limited transactions were made in the market.

East China
aluminum price

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