Spot Discounts Widen Sharply in East China Aluminum Market (Aug. 20, 2015)-Shanghai Metals Market

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Spot Discounts Widen Sharply in East China Aluminum Market (Aug. 20, 2015)

Price Review & Forecast 02:11:32PM Aug 20, 2015 Source:SMM

SHANGHAI, Aug. 20 (SMM) – SHFE 1509 aluminum climbed to RMB 11,970/mt after opening at RMB 11,930/mt on Thursday. Aluminum prices were mainly between RMB 11,850-11,870/mt in Shanghai, discounts of RMB 100-120/mt over September aluminum on the SHFE, versus RMB 11,850-11,870/mt in Wuxi and RMB 11,860/mt in Hangzhou. Traders were active in the market, but downstream buyers showed little buying interest, causing spot discounts to widen.  




Spot Discounts Widen Sharply in East China Aluminum Market (Aug. 20, 2015)

Price Review & Forecast 02:11:32PM Aug 20, 2015 Source:SMM

SHANGHAI, Aug. 20 (SMM) – SHFE 1509 aluminum climbed to RMB 11,970/mt after opening at RMB 11,930/mt on Thursday. Aluminum prices were mainly between RMB 11,850-11,870/mt in Shanghai, discounts of RMB 100-120/mt over September aluminum on the SHFE, versus RMB 11,850-11,870/mt in Wuxi and RMB 11,860/mt in Hangzhou. Traders were active in the market, but downstream buyers showed little buying interest, causing spot discounts to widen.