Aluminum Spot aluminum traded mainly between RMB 15,900-15,940/mt in Shanghai, at discounts of RMB 50-90/mt over the SHFE current-month aluminum price. Though the current-month contract failed to break through the RMB 16,000/mt mark and stock replenishments from downstream were limited, more goods holders held quotations at RMB 15,900/mt as the delivery date nears. Spot and futures arbitrage trading and position opening for delivery dominated the day’s market. |
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