East China Aluminum Prices Rally as Buying Picks Up (Mar. 18, 2015)

Mar 18, 2015 15:11

Source: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.

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.

Shanghai aluminum prices

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East China Aluminum Prices Rally as Buying Picks Up (Mar. 18, 2015)

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