SHANGHAI, Dec 25 (SMM) – Spot aluminium sellers were keen to offload cargoes at the end of the year but buyers stood on sidelines and trades were thin on the morning of Tuesday December 25, SMM research found.
The SHFE 1901 contract traded rangebound in the morning. Spot discounts in Shanghai were heard at 80-70 yuan/mt against the SHFE 1901 contract, flat from the previous day.
Most transactions occurred at 13,620-13,630 yuan/mt in Shanghai and Wuxi and 13,640-13,660 yuan/mt in Hangzhou. Prices stood 20 yuan/mt higher from Monday.
Transactions in Guangdong were heard at 13,770-13,780 yuan/mt.