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East China Aluminum Prices Rise, Spot Discounts Shrink (Mar. 30, 2015)

iconMar 30, 2015 13:51
Source:SMM
Spot aluminum largely traded between RMB 13,150-13,160/mt in Shanghai on Monday, discounts of RMB 180-190/mt over SHFE 1504 aluminum contract.
SHANGHAI, Mar. 30 (SMM) –Spot aluminum largely traded between RMB 13,150-13,160/mt in Shanghai on Monday, discounts of RMB 180-190/mt over SHFE 1504 aluminum contract, versus RMB 13,130-13,150/mt in Wuxi, and RMB 13,180-13,190/mt in Hangzhou. Downstream producers scrambled to buy in response to rising prices last Friday and limited market supply. This allowed spot discounts to narrow.  
 
 
 
Shanghai aluminum prices

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