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East China Aluminum: Spot Discounts Expand Further with Low Buying Interest
Feb 23,2012 14:40CST
smm insight
Source:SMM
Traded prices of spot aluminum in Shanghai were between RMB 15,870-15,900/mt on Thursday.

SHANGHAI, Feb. 23 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,870-15,900/mt on Thursday, with discounts of RMB 160-180/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 15,980-16,020/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB 15,850-15,880/mt. SHFE aluminum prices struggled and moved weakly around the moving averages. Buying interest in spot market remained low, leading discounts over the SHFE current-month aluminum price to expand further to RMB 180/mt. Quotations for aluminum with lower quality dropped, but the supply surplus resulted in quiet transactions in the market.

East China
aluminum price

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