SHANGHAI, Apr 30 (SMM) – Spot aluminium trades in east and south China remained brisk on the morning of the last trading day before Labour Day holiday, even as buying interest among downstream consumers slightly waned from previous days.
The May contract on the Shanghai Futures Exchange hovered around 14,180 yuan/mt in a tight range in morning trade.
Spot trades in Shanghai were heard at 14,180-14,190 yuan/mt, with a discount of up to 10 yuan/mt against the SHFE 1905 contract. Traded prices remained barely changed from the previous morning.
Deals were done at 14,180-14,190 yuan/mt in Wuxi and 14,200-14,210 yuan/mt in Hangzhou this morning.
Spot aluminium trades occurred at 14,180-14,190 yuan/mt in Guangdong, and this was similar to the price range in Shanghai.