Home / Metal News / Copper / East China Aluminum: Spot Discounts Expand, Gains Limited
East China Aluminum: Spot Discounts Expand, Gains Limited
Mar 6,2013 13:22CST
smm insight
Source:SMM
Spot aluminum was mainly traded at RMB 14,400-14,420/mt in Shanghai on Wednesday, with discounts at RMB 120-140/mt.

SHANGHAI, Mar. 6 (SMM) – Spot aluminum was mainly traded at RMB 14,400-14,420/mt in Shanghai on Wednesday, with discounts at RMB 120-140/mt. Low-iron aluminum was traded around RMB 14,580/mt. Prices of the most active SHFE aluminum contracts rose more than RMB 100/mt, but later pared some gains. Oversupply in spot markets limited upward momentum of spot aluminum prices and caused spot discounts to expand to over RMB 100/mt, leaving mainstream traded prices stagnant at RMB 14,400/mt. Offers of some deliverable brand aluminum ingot were firm. Low buying interest from downstream producers and middlemen depressed overall trading.
 

Shanghai spot aluminum prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn