Aluminum: Spot aluminum traded between RMB 15,870-15,900/mt last Friday, at discounts of RMB 120-150/mt over the SHFE current-month aluminum price. While spot discounts narrowed slightly due to losses in SHFE aluminum prices, spot aluminum still faces heavy pressure at RMB 15,900/mt. Aluminum supply in Wuxi turned tight as a result of decreased inbound shipments, which helped mainstream traded spot aluminum price climb a little bit in the region. Light trading was still a prominent feature, however. |
Material news >