Spot aluminium trades across eastern and southern markets improve from previous day

On Tuesday February 12, spot aluminium transactions across eastern and southern markets in China picked up from the previous day, according to Shanghai Metals Market. The slightly better spot transactions could be attributed to improved deals between traders.

Overall spot aluminium trades remained poor as downstream purchases stayed at lows.

The front-month aluminium contract on the Shanghai Futures Exchange traded range bound in the morning. Spot discounts in Shanghai were heard at RMB 50 per tonne against the SHFE 1902 contract earlier in the morning, before it fell to RMB40-30 per tonne.

Spot transactions in Shanghai, Wuxi and Hangzhou were at RMB 13,270 per tonne to RMB 13,290 per tonne, up from the previous morning.

In Guangdong, spot transactions occurred at RMB 13,320 per tonne, with the Guangdong-Shanghai price spread at RMB 40 per tonne

Most aluminium processing plants in Guangdong would resume from February 14, Shanghai Metals Market learned.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.