Snapshot: Aluminium spot market in China

Published: Mar 28, 2018 15:13

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Trading was active in the physical market in east China but relatively thin in the Guangdong market on Wednesday March 28.

SHANGHAI, Mar 28 (SMM) – Trading was active in the physical market in east China but relatively thin in the Guangdong market on Wednesday March 28, SMM learned.

In Shanghai, Wuxi and Hangzhou, transactions were heard at 13,650-13,670 yuan/mt with spot discounts of 70-60 yuan/mt against the SHFE 1803 contract, while transactions in Guangdong were seen at 13,700-13,730 yuan/mt. The price gap between transactions in Shanghai and Guangdong grew to about 90 yuan/mt.

In Guangdong, sellers were keen to release cargoes given the significant price gap, with transactions expected at 13,720 yuan/mt.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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