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

Apr 30, 2015 13:18

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

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

SMM Events & Webinars

2026 SMM (21th) Lead & Zinc Conference and Industry Expo

2026 (3rd) NET ZERO MEA - Solar & Energy Storage Summit

CLNB 2026 - The 11th New Energy Industry Chain Expo