Spot Discounts in East China Aluminum Market Widen to RMB 140-160/mt (May 26, 2015)

Published: May 26, 2015 13:28

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Spot aluminum largely traded between RMB 13,000-13,020/mt in Shanghai on Tuesday, discounts of RMB 140-160/mt over SHFE 1506 aluminum contract.

SHANGHAI, May 26 (SMM) – Spot aluminum largely traded between RMB 13,000-13,020/mt in Shanghai on Tuesday, discounts of RMB 140-160/mt over SHFE 1506 aluminum contract, versus RMB 12,980-13,000/mt in Wuxi, and RMB 13,030-13,050/mt in Hangzhou. SHFE 1506 aluminum contract rebounded, but spot aluminum was resistant to rises, causing spot discounts to widen. Traders in Shanghai went bargain hunting. Trading in Wuxi remained thin.

Shanghai aluminum prices

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