SHANGHAI, Mar. 23 (SMM) –Spot aluminum largely traded between RMB 13,050-13,060/mt in Shanghai on Monday, discounts of RMB 250-260/mt over SHFE 1504 aluminum contract, versus RMB 13,030-13,050/mt in Wuxi, and RMB 13,070-13,080/mt in Hangzhou. Falling HFE 1504 aluminum contract cooled buying in physical market, but sellers did not become panic.
East China Aluminum Prices Follow SHFE Aluminum Down (Mar. 23, 2015)
Spot aluminum largely traded between RMB 13,050-13,060/mt in Shanghai on Monday, discounts of RMB 250-260/mt over SHFE 1504 aluminum contract.
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