East China Aluminum: Liquidity Tightens, Spot Trading Muted

SHANGHAI, Mar. 26 (SMM) – Spot aluminum was mainly traded at RMB 14,520-14,550/mt in Shanghai on Tuesday, a discount of RMB 50-90/mt over SHFE 1304 aluminum contract prices. Low-iron aluminum was trade around RMB 14,710/mt. SHFE 1306 aluminum contract prices moved at low levels, causing spot aluminum to surrender gains. Most traders were in a hurry to sell against tight liquidity at the quarter’s end, but demand from downstream producers and middlemen was tepid, leaving mainstream traded prices stagnant near RMB 14,530/mt. Overall trading was muted.