SHANGHAI, Apr. 17 (SMM) – Spot aluminum was traded at RMB 14,450-14,470/mt in Shanghai on Wednesday, a discount of RMB 90-110/mt over SHFE 1305 aluminum contract. Low-iron aluminum was traded around RMB 14,620/mt. SHFE 1306 aluminum contract edged down after a high opening, hurting market sentiment. Traders were eager to sell, while downstream producers were cautious about buying at highs, leaving traded prices stagnant. Only middlemen purchased modest amounts at lows.