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

Published: Apr 30, 2015 13:18

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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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