SHANGHAI, Feb 7 (SMM) – Spot aluminium in Guangdong area mostly traded at 14,110-14,120 yuan/mt on Wednesday February 7, SMM learned. Sellers were unwilling to give in much on prices even though the SHFE contract closed lower, while traders were keen to take cargoes at current levels. Trading of ingots was more active than that of aluminium billet.
In the Shanghai market, transactions were heard at 14,060-14,080 yuan/mt, which translated to discounts of 80-60 yuan/mt against the SHFE 1802 contract. Cargoes in Wuxi changed hands at 14,040-14,070 yuan/mt and those in Hangzhou were at 14,080-14,100 yuan/mt. Sellers were not as active today, leaving discounts narrower.
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