Spot Discounts in East China Aluminum Market Widen (Jan. 29, 2015)-Shanghai Metals Market

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Spot Discounts in East China Aluminum Market Widen (Jan. 29, 2015)

Price Review & Forecast 01:13:37PM Jan 29, 2015 Source:SMM
SHANGHAI, Jan. 29 (SMM) – Spot aluminum largely traded between RMB 12,650-12,670/mt in Shanghai on Thursday, discounts of RMB 60-80/mt over SHFE 1502 aluminum contract, versus RMB 12,650-12,680/mt in Wuxi and RMB 12,620-12,640/mt in Hangzhou. Processors pushed for lower prices, causing spot discounts to widen. Traders were active in the market.  
 
 
 
 
 

Spot Discounts in East China Aluminum Market Widen (Jan. 29, 2015)

Price Review & Forecast 01:13:37PM Jan 29, 2015 Source:SMM
SHANGHAI, Jan. 29 (SMM) – Spot aluminum largely traded between RMB 12,650-12,670/mt in Shanghai on Thursday, discounts of RMB 60-80/mt over SHFE 1502 aluminum contract, versus RMB 12,650-12,680/mt in Wuxi and RMB 12,620-12,640/mt in Hangzhou. Processors pushed for lower prices, causing spot discounts to widen. Traders were active in the market.