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East China Aluminum: Spot Discounts Above RMB 100/Mt on Aggressive Selling
Oct 19, 2012 12:56Source:SMM
Spot aluminum was mainly traded between RMB 15,300-15,330/mt in Shanghai on Friday, with discounts between RMB 100-120/mt.
SHANGHAI, Oct. 19 (SMM) – Spot aluminum was mainly traded between RMB 15,300-15,330/mt in Shanghai on Friday, with discounts between RMB 100-120/mt. Low-iron aluminum was traded between RMB 15,380-15,390/mt. The most active SHFE aluminum contract proved resilient to declines compared with other base metals, prompting traders to aggressively move goods. However, limited restocking by downstream producers caused spot discounts to expand above RMB 100/mt. Trading was more active at lower prices. Overall trading was light.
Shanghai spot aluminum prices
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