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Home / Metal News / East China Aluminum: Discount of RMB 100/Mt Reported as Downstream Producers Refuse to Buy at Highs
East China Aluminum: Discount of RMB 100/Mt Reported as Downstream Producers Refuse to Buy at Highs
Apr 17, 2013 15:37Source: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.
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.
latest Shanghai spot aluminum prices
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