Spot aluminium trading thins in east China as spot discounts dip-Shanghai Metals Market

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Spot aluminium trading thins in east China as spot discounts dip

Price Review & Forecast 03:41:41PM May 08, 2018 Source:SMM

SHANGHAI, May 8 (SMM) – Spot aluminium trading in east China weakened on Tuesday May 8 as spot discounts narrowed, SMM learned.

The SHFE 1805 contract surged to a high of 14,660 yuan/mt on the morning of Tuesday May 8.

In Shanghai, cargoes with May invoices mostly traded at 14,620-14,640 yuan/mt with discounts of 10-0 yuan/mt againt the SHFE 1805 contract.

Transactions in Wuxi and Hangzhou were heard at 14,630-14,640 yuan/mt and 14,660-14,670 yuan/mt, respectively.

Overall trading in east China weakened from the previous day as spot discounts narrowed. Smelters saw limited shipments while traders held back from purchases. Downstream consumers purchased only as required.


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn 

Spot aluminium trading thins in east China as spot discounts dip

Price Review & Forecast 03:41:41PM May 08, 2018 Source:SMM

SHANGHAI, May 8 (SMM) – Spot aluminium trading in east China weakened on Tuesday May 8 as spot discounts narrowed, SMM learned.

The SHFE 1805 contract surged to a high of 14,660 yuan/mt on the morning of Tuesday May 8.

In Shanghai, cargoes with May invoices mostly traded at 14,620-14,640 yuan/mt with discounts of 10-0 yuan/mt againt the SHFE 1805 contract.

Transactions in Wuxi and Hangzhou were heard at 14,630-14,640 yuan/mt and 14,660-14,670 yuan/mt, respectively.

Overall trading in east China weakened from the previous day as spot discounts narrowed. Smelters saw limited shipments while traders held back from purchases. Downstream consumers purchased only as required.


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn