East China Aluminum: Aluminum Futures Fall Against General Rallies of Metal Markets

SHANGHAI, Jun. 6 (SMM) – Traded prices of spot aluminum in Shanghai were between RMB 15,890-15,920/mt on Wednesday, while low-iron aluminum was traded between RMB 16,000-16,040/mt in Shanghai. SHFE aluminum prices fell against the general rallies of metal markets, compounding bearish mood in spot market. Declines in SHFE aluminum prices narrowed during spot trading hours, easing market concerns. However, buying interest among dealers and enterprises downstream remained low, leaving spot prices hovering around the RMB 15,900/mt. Transactions were limited on the whole.