East China Aluminum Prices Down Further, Spot Discounts Widen (Jun. 25, 2015)

Published: Jun 25, 2015 12:20

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Spot aluminum largely traded between RMB 12,600-12,610/mt in Shanghai on Thursday, discounts of RMB 110-120/mt over SHFE 1507 aluminum contract.

SHANGHAI, Jun. 25 (SMM) –Spot aluminum largely traded between RMB 12,600-12,610/mt in Shanghai on Thursday, discounts of RMB 110-120/mt over SHFE 1507 aluminum contract, versus RMB 12,580-12,610/mt in Wuxi, and RMB 12,630-12,650/mt in Hangzhou. The inflow of hedged goods caused spot prices to fall. Spot discounts widened as spot prices fell against a slight rise in SHFE aluminum prices.

Shanghai aluminum prices

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