Spot aluminum largely traded between RMB 13,100-13,110/mt in Shanghai on Monday, discounts of RMB 190-210/mt over SHFE 1505 aluminum contract.
SHANGHAI, May 11 (SMM) –Spot aluminum largely traded between RMB 13,100-13,110/mt in Shanghai on Monday, discounts of RMB 190-210/mt over SHFE 1505 aluminum contract, versus RMB 13,070-13,090/mt in Wuxi, and RMB 13,110-13,120/mt in Hangzhou. Processors took a wait-and-see stance, while traders went bargain hunting in small amounts.
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