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Home / Metal News / East China Aluminum Prices Fall as Oversupply Exacerbates (May 5, 2015)

East China Aluminum Prices Fall as Oversupply Exacerbates (May 5, 2015)

May 5, 2015 13:29

Spot aluminum largely traded between RMB 13,130-13,150/mt in Shanghai on Tuesday, discounts of RMB 150-160/mt over SHFE 1505 aluminum contract.

SHANGHAI, May 5 (SMM) –Spot aluminum largely traded between RMB 13,130-13,150/mt in Shanghai on Tuesday, discounts of RMB 150-160/mt over SHFE 1505 aluminum contract, versus RMB 13,110-13,130/mt in Wuxi, and RMB 13,150-13,170/mt in Hangzhou. Hedged goods flowed into spot market after SHFE aluminum drifted lower. This exacerbated oversupply, causing prices to fall.

Shanghai aluminum prices

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