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Home / Metal News / Spot Discounts in East China Aluminum Market Narrow as Oversupply Eases (Apr. 30, 2015)

Spot Discounts in East China Aluminum Market Narrow as Oversupply Eases (Apr. 30, 2015)

Apr 30, 2015 13:18

Source:SMM

Spot aluminum largely traded between RMB 13,110-13,130/mt in Shanghai on Thursday, discounts of RMB 170-150/mt over SHFE 1505 aluminum contract.

SHANGHAI, Apr. 30 (SMM) –Spot aluminum largely traded between RMB 13,110-13,130/mt in Shanghai on Thursday, discounts of RMB 170-150/mt over SHFE 1505 aluminum contract, versus RMB 13,100-13,120/mt in Wuxi, and RMB 13,140-13,150/mt in Hangzhou. Oversupply eased since some traders just completed delivery under term contracts. Downstream demand picked up slightly ahead of the three-day holiday.

Shanghai aluminum prices

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In east China spot aluminum market, suppliers released fewer goods into the market, and downstream buying picked up.

Oct 26, 2015 15:50

SMM Comments

East China Aluminum Consumption Improves Before 3-Day Holiday (Sept. 1, 2015)

Aluminum prices were mainly between RMB 11,730-11,740/mt in Shanghai on Tuesday, discounts of RMB 60-50/mt over SHFE 1509 aluminum.

Sep 1, 2015 14:19

SMM Comments

East China Aluminum Prices Rise, Spot Discounts Narrow (Aug. 27, 2015)

Aluminum prices were mainly between RMB 11,775-11,800/mt in Shanghai on Thursday, discounts of RMB 60-85/mt over September aluminum on the SHFE.

Aug 27, 2015 13:43

SMM Comments

Spot Discounts in East China Aluminum Market Widen to RMB RMB 150-170/mt (May 18, 2015)

Spot aluminum largely traded between RMB 13,070-13,090/mt in Shanghai on Monday, discounts of RMB 150-170/mt over SHFE 1506 aluminum contract.

May 18, 2015 13:14

SMM Comments

SMM Aluminum Market Daily Review (2015-5-14)

On Thursday, SHFE 1507 aluminum contract fell below the 20-day moving average to RMB 13,270/mt due to selloffs at highs.

May 15, 2015 09:02

SMM Comments

Falling China Aluminum Prices Improve Buying (May 12, 2015)

Spot aluminum in east China followed SHFE 1505 aluminum contract down on Tuesday.

May 12, 2015 14:11

SMM Comments

SMM Aluminum Market Daily Review (2015-1-20)

On Monday night, SHFE 1503 aluminum contract slipped to RMB 12,785/mt after starting at RMB 12,835/mt, and finished the night session at RMB 12,810/mt.

Jan 21, 2015 09:27

SMM Comments

Aluminum Prices in East China Fall on Slack Demand (Jan. 20, 2015)

Spot aluminum largely traded between RMB 12,740-12,750/mt in Shanghai and Wuxi on Tuesday, discounts of RMB 20-40/mt over SHFE 1502 aluminum contract.

Jan 20, 2015 13:25

SMM Comments

Severe Oversupply Weighs Down Aluminum Prices in East China (Jan. 12, 2015)

Spot aluminum largely traded between RMB 12,750-12,760/mt in Shanghai on Monday, discounts of RMB 0-10/mt over SHFE 1501 aluminum contract.

Jan 12, 2015 14:45

SMM Comments

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Spot Discounts in East China Aluminum Market Narrow as Oversupply Eases (Apr. 30, 2015)

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