East China Aluminum Prices Hold Largely Stable in Thin TradingAuthor：Site Source：Network Click to rate：1121 Post time：2015-03-25
SHANGHAI, Mar. 25 (SMM) –Spot aluminum largely traded between RMB 13,040-13,050/mt in Shanghai on Wednesday, discounts of RMB 240-250/mt over SHFE 1504 aluminum contract, versus RMB 13,030-13,050/mt in Wuxi, and RMB 13,060-13,070/mt in Hangzhou. Holders of hedged goods showed little interest in selling, and large suppliers also withheld goods, easing oversupply pressures. Buyers resisted high prices, leaving trading thin.
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