Growing Supply Widen Spot Discounts in East China Aluminum Market (Sept. 8, 2015)-Shanghai Metals Market

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Growing Supply Widen Spot Discounts in East China Aluminum Market (Sept. 8, 2015)

Price Review & Forecast 01:17:03PM Sep 08, 2015 Source:SMM

SHANGHAI, Sept. 8 (SMM) –Aluminum prices were mainly between RMB 11,730-11,740/mt in Shanghai on Tuesday, discounts of RMB 70-60/mt over SHFE 1509 aluminum, versus RMB 11,730-11,750/mt in Wuxi and RMB 11,730-11,740/mt in Hangzhou. Supply was ample, but buying was poor, causing spot discounts to widen. 




Growing Supply Widen Spot Discounts in East China Aluminum Market (Sept. 8, 2015)

Price Review & Forecast 01:17:03PM Sep 08, 2015 Source:SMM

SHANGHAI, Sept. 8 (SMM) –Aluminum prices were mainly between RMB 11,730-11,740/mt in Shanghai on Tuesday, discounts of RMB 70-60/mt over SHFE 1509 aluminum, versus RMB 11,730-11,750/mt in Wuxi and RMB 11,730-11,740/mt in Hangzhou. Supply was ample, but buying was poor, causing spot discounts to widen.