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East China Aluminum: Spot Discounts Narrow, Prices Resilient
Mar 14,2013 14:01CST
smm insight
Source:SMM
Spot aluminum was mainly traded at RMB 14,530-14,550/mt in Shanghai on Thursday, with discounts at RMB 50-70/mt.

SHANGHAI, Mar. 14 (SMM) – Spot aluminum was mainly traded at RMB 14,530-14,550/mt in Shanghai on Thursday, with discounts at RMB 50-70/mt. Low-iron aluminum was traded around RMB 14,700/mt. SHFE 1306 aluminum contract prices inched down, but spot aluminum prices were resilient, with spot discounts narrowing to RMB 50/mt as delivery date of SHFE current-month aluminum contracts is approaching. Traders held offers less firm, sending the low-end price down slightly. Downstream producers and middlemen evinced little buying interest, depressing overall trading.
 

Shanghai spot aluminum prices

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