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Tags: Shanghai aluminum prices

SHANGHAI, Sep. 3 (SMM) – Spot aluminum largely traded at RMB 14,980-15,030/mt in Shanghai on Wednesday, a discount of RMB 0-20/mt and a premium of RMB 0-10/mt over SHFE 1409 aluminum contract, versus RMB 14,990-15,080/mt in Wuxi and RMB 14,990-15,020/mt in Hangzhou. SHFE 1409 aluminum contract failed to break through RMB 15,000/mt, turning sellers in spot market less optimistic. Some thus became eager to sell, but buyers still stayed out of the market. 

from metal.com