SHANGHAI, Sept. 6 (SMM) – Bearishness prevailed in east China spot aluminum market on Wednesday as SHFE aluminum tumbled overnight.
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Cargo holders became anxious to sell, while traders and downstream producers stayed out of the market.
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Mainstream traded prices were 16,070-16,080 yuan/tonne in Shanghai, discounts of 150-130 yuan/tonne over SHFE 1709 aluminum, versus 16,070-16,080 yuan/tonne in Wuxi and 16,070-16,090 yuan/tonne in Hangzhou.
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