SHANGHAI, Apr 3 (SMM) – Trading was highly active in China's aluminium spot market on Tuesday April 3 as sellers were keen to destock, SMM learned. As the Qingming Festival approached, downstream buyers also purchased actively.
In Shanghai and Wuxi, transactions were heard at 14,000-14,020 yuan/mt with spot discounts at 70-60 yuan/mt, while transactions in Hangzhou were seen at 14,010-14,030 yuan/mt.
SHFE aluminium gained significantly after it edged down today. Transactions in the Guangdong market were heard at 14,010-14,060 yuan/mt. The difference in prices between Shanghai and Guangdong narrowed to around 20 yuan/mt.
Processing charges for aluminium rod remained in an upward trend, and stood at a high of 680 yuan/mt at noon today.
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