SHANGHAI, May 19 (SMM) – Spot aluminum largely traded between RMB 13,040-13,050/mt in Shanghai on Tuesday, discounts of RMB 130-150/mt over SHFE 1506 aluminum contract, versus RMB 13,030-13,040/mt in Wuxi, and RMB 13,050-13,060/mt in Hangzhou. Holders of hedged goods became eager to sell after spot discounts narrowed, but traders watched from the sidelines, sending prices down.
East China Aluminum Prices Fall, Trading Thin (May 19, 2015)
Spot aluminum largely traded between RMB 13,040-13,050/mt in Shanghai on Tuesday, discounts of RMB 130-150/mt over SHFE 1506 aluminum contract.
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