Spot Discounts in East China Aluminum Market Widen on Poor Demand (May 22, 2015)

Published: May 22, 2015 13:13

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Spot aluminum largely traded between RMB 13,030-13,050/mt in Shanghai on Friday, discounts of RMB 150-170/mt over SHFE 1506 aluminum contract.

SHANGHAI, May 22 (SMM) – Spot aluminum largely traded between RMB 13,030-13,050/mt in Shanghai on Friday, discounts of RMB 150-170/mt over SHFE 1506 aluminum contract, versus RMB 13,020-13,040/mt in Wuxi, and RMB 13,080-13,090/mt in Hangzhou. Suppliers were eager to sell, but processors generally took a wait-and-see stance. Traders also showed little buying interest.

Shanghai aluminum prices

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