Spot Discounts in East China Aluminum Market Narrow Further (May 15, 2015)

Published: May 15, 2015 17:09 (GMT+8)

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Spot aluminum largely traded between RMB 13,060-13,070/mt in Shanghai on Friday, discounts of RMB 100-110/mt over SHFE 1505 aluminum contract.

SHANGHAI, May 15 (SMM) – Spot aluminum largely traded between RMB 13,060-13,070/mt in Shanghai on Friday, discounts of RMB 100-110/mt over SHFE 1505 aluminum contract, versus RMB 13,040-13,060/mt in Wuxi, and RMB 13,090/mt in Hangzhou. Spot discounts continued narrowing since the delivery date of SHFE 1505 aluminum contract is nearing. Demand picked up before the weekend.

Shanghai aluminum prices

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