June 19 (LTIT) –Spot aluminium trades in east China improved from the previous day on the morning of Wednesday June 19, driven by active traders after prices of futures rose on US-China trade optimism.

Overall trades across eastern markets, however, were capped as downstream buyers remained on the sidelines.

Traded prices in Shanghai were mostly heard at 13,870-13,890 yuan/mt this morning, up 30-50 yuan/mt from Tuesday morning. This slightly widened the premium over the SHFE 1907 contract from a maximum of 10 yuan/mt to 10-20 yuan/mt.

Deals occurred at 13,880-13,900 yuan/mt in Wuxi and 13,900-13,910 yuan/mt in Hangzhou this morning.

Trades across the southern markets remained brisk this morning.

Spot aluminium was mostly traded at 13,950-13,970 yuan/mt in Guangdong this morning, with the spread with Shanghai prices narrowed to 70 yuan/mt.