East China Aluminum: Spot Trading Light on Lack of Market Optimism

SHANGHAI, Apr. 9 (SMM) – Spot aluminum was traded at RMB 14,480-14,500/mt in Shanghai on Tuesday, a discount of RMB 60-80/mt over SHFE 1304 aluminum contract prices. Low-iron aluminum was trade around RMB 14,650/mt. SHFE 1306 aluminum contract prices extended gains on declining inflationary pressure, but spot aluminum mainstream traded prices failed to rise above RMB 14,500/mt. Traders rushed to move goods, while downstream producers purchased as needed, leaving overall trading light.