SHANGHAI, Mar. 18 (SMM) –Spot aluminum largely traded between RMB 12,870-12,890/mt in Shanghai on Wednesday, discounts of RMB 230-250/mt over SHFE 1503 aluminum contract, versus RMB 12,860-12,880/mt in Wuxi, and RMB 12,880-12,900/mt in Hangzhou. Growing spot discounts widened the room for arbitrage, luring traders in. Processors bought only to need.
East China Aluminum Prices Rally as Buying Picks Up (Mar. 18, 2015)
Spot aluminum largely traded between RMB 12,870-12,890/mt in Shanghai on Wednesday, discounts of RMB 230-250/mt over SHFE 1503 aluminum contract.
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