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Home / Metal News / East China Aluminum Prices Rebound as Demand Picks Up (May 29, 2015)

East China Aluminum Prices Rebound as Demand Picks Up (May 29, 2015)

May 29, 2015 13:39

Spot aluminum largely traded between RMB 12,970-12,980/mt in Shanghai on Friday, discounts of RMB 110-120/mt over SHFE 1506 aluminum contract.

SHANGHAI, May 29 (SMM) – Spot aluminum largely traded between RMB 12,970-12,980/mt in Shanghai on Friday, discounts of RMB 110-120/mt over SHFE 1506 aluminum contract, versus RMB 12,950-12,970/mt in Wuxi, and RMB 13,000-13,010/mt in Hangzhou. Market supply fell because more traders just finished delivery under term contracts. Demand picked up before the weekend, allowing prices to rebound.

Shanghai aluminum prices

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