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Growing Supply Curbs Price Gains in East China Aluminum Market (Apr. 2, 2015)
Apr 2,2015 13:23CST
price review forecast
Source:SMM
Spot aluminum largely traded between RMB 13,280-13,290/mt in Shanghai on Thursday, discounts of RMB 110-120/mt over SHFE 1504 aluminum contract.
SHANGHAI, Apr. 2 (SMM) –Spot aluminum largely traded between RMB 13,280-13,290/mt in Shanghai on Thursday, discounts of RMB 110-120/mt over SHFE 1504 aluminum contract, versus RMB 13,240-13,270/mt in Wuxi, and RMB 13,320-13,330/mt in Hangzhou. Hedged goods flowed in due to narrowing spot discounts, pushing up market supply. Downstream demand picked up slightly.  
 
 
 
Shanghai aluminum prices

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