Spot aluminum largely traded between RMB 12,920-12,930/mt in Shanghai on Thursday, discounts of RMB 80-90/mt over SHFE 1506 aluminum contract.
SHANGHAI, Jun. 4 (SMM) – Spot aluminum largely traded between RMB 12,920-12,930/mt in Shanghai on Thursday, discounts of RMB 80-90/mt over SHFE 1506 aluminum contract, versus RMB 12,900-12,920/mt in Wuxi, and RMB 12,940-12,950/mt in Hangzhou. Aluminum prices showed no signs of a turnaround. Downstream producers continued to restock only as needed.
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