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East China Aluminum: Spot Trading Thin on Low Buying Interest
Edited by : AL CIRCLE
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Spot aluminum was mainly traded between RMB 15,280-15,300/mt in Shanghai on Wednesday, with discounts between RMB 80-100/mt. Low-iron aluminum was traded between RMB 15,350-15,360/mt. The SHFE 1212 aluminum contract was mired, dampening sentiment in spot aluminum market. Mainstream traded prices met strong resistance at RMB 15,300/mt. Supply was ample, while downstream producers generally watched from the sidelines, depressing overall trading.
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