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Wider Spot Discounts Lure Traders into East China Aluminum Market, SMM Reports

iconSep 14, 2017 17:03
Source:SMM
Spot discounts in east China aluminum market widened on Thursday, attracting some traders to make purchases.

SHANGHAI, Sept. 14 (SMM) – Spot discounts in east China aluminum market widened on Thursday, attracting some traders to make purchases. 

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However, most traders were wary of buying due to big volatility in SHFE aluminum. Downstream producers restocked as needed. 

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Mainstream traded prices were 16,230-16,270 yuan/tonne in Shanghai, discounts of 150-110 yuan/tonne over SHFE 1709 aluminum, versus 16,230-16,270 yuan/tonne in Wuxi and 16,240-16,250 yuan/tonne in Hangzhou. 

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SHFE aluminum prices
aluminum prices

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