Muted Trading Pulls Aluminum Prices in East China Down (Oct. 9, 2014)

SHANGHAI, Oct. 9 (SMM) – Spot aluminum largely traded at RMB 13,840-13,850/mt in Shanghai on Thursday, discounts of RMB 0-10/mt over SHFE 1410 aluminum contract, versus RMB 13,840-13,870/mt in Wuxi and RMB 13,850-13,860/mt in Hangzhou. Sellers were anxious to sell against growing inventories, but buyers mostly stayed out of the market, sending prices down.