Spot aluminum largely traded between RMB 13,030-13,060/mt in Shanghai on Thursday, discounts of RMB 80-110/mt over SHFE 1504 aluminum contract.
SHANGHAI, Apr. 9 (SMM) –Spot aluminum largely traded between RMB 13,030-13,060/mt in Shanghai on Thursday, discounts of RMB 80-110/mt over SHFE 1504 aluminum contract, versus RMB 13,020-13,040/mt in Wuxi, and RMB 13,040-13,070/mt in Hangzhou. SHFE 1504 aluminum contract lost over 1.5%, sending spot prices down as well. Lower prices lured some traders and processors in.
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