Spot aluminum largely traded between RMB 13,130-13,150/mt in Shanghai on Friday, discounts of RMB 80-90/mt over SHFE 1504 aluminum contract.
SHANGHAI, Apr. 10 (SMM) –Spot aluminum largely traded between RMB 13,130-13,150/mt in Shanghai on Friday, discounts of RMB 80-90/mt over SHFE 1504 aluminum contract, versus RMB 13,130-13,140/mt in Wuxi, and RMB 13,170-13,180/mt in Hangzhou. SHFE 1504 aluminum contract stopped falling, and downstream demand picked up, allowing prices to rally.
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