SHANGHAI, Feb. 7 (SMM) – On Thursday, traded prices in the Shanghai spot aluminum market were between RMB 14,790-14,820/mt, and spot discounts were in the RMB 80-70/mt range.
SHFE aluminum market kept falling, with current-month prices coming under pressures at RMB 14,900/mt. Spot trading was extremely light. Some traders, who were eager to generate cash flows, lowered prices, with the lowest price heard RMB 14,790/mt in Shanghai, RMB 14,760/mt in Hangzhou, and RMB 14,800/mt in Wuxi, a new low of 2013. Tomorrow will be the last trading day before the Chinese New Year holiday, and trading will remain quiet.