East China Aluminum Prices Rise, Spot Discounts Narrow (Aug. 27, 2015)-Shanghai Metals Market

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East China Aluminum Prices Rise, Spot Discounts Narrow (Aug. 27, 2015)

Price Review & Forecast 01:43:58PM Aug 27, 2015 Source:SMM

SHANGHAI, Aug. 27 (SMM) –Aluminum prices were mainly between RMB 11,775-11,800/mt in Shanghai on Thursday, discounts of RMB 60-85/mt over September aluminum on the SHFE, versus RMB 11,780-11,800/mt in Wuxi and RMB 11,780-11,790/mt in Hangzhou. Cargo holders held offers firm, allowing spot discounts to narrow. Downstream consumption was moderate.  



   


East China Aluminum Prices Rise, Spot Discounts Narrow (Aug. 27, 2015)

Price Review & Forecast 01:43:58PM Aug 27, 2015 Source:SMM

SHANGHAI, Aug. 27 (SMM) –Aluminum prices were mainly between RMB 11,775-11,800/mt in Shanghai on Thursday, discounts of RMB 60-85/mt over September aluminum on the SHFE, versus RMB 11,780-11,800/mt in Wuxi and RMB 11,780-11,790/mt in Hangzhou. Cargo holders held offers firm, allowing spot discounts to narrow. Downstream consumption was moderate.