Snapshot: Aluminium spot market in China

SHANGHAI, Mar 26 (SMM) – China's aluminium spot market opened flat but trading picked up near closing on Monday March 26.

As downstream customers were keen to restock, transactions in the Shanghai market were heard at 13,550-13,560 yuan/mt, at a discount of 90-80 yuan/mt against the SHFE 1804 contract. Trades in Wuxi were seen at 13,550-13,560 yuan/mt, with those in Hangzhou were seen at 13,550-13,560 yuan/mt.

Transactions in the Guangdong market were heard at 13,590-13,610 yuan/mt. The price gap between Shanghai and Guangdong hovered around 50 yuan/mt.

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