February 29, East China Aluminum: Tight credit at the end of the month, insufficient popularity, no improvement in transactions. Today, the Shanghai spot aluminum trading range is 15880-15910 yuan/ton, with a discount of 160-130 yuan/ton. The low-iron aluminum price is 15980-16020 yuan/ton, and the Wuxi spot aluminum trading range is 15880-15910 yuan/ton. On the last trading day of February, the tightening of bank credit funds has weakened the market sentiment of both supply and demand sides in the spot aluminum trade. In addition, the narrow downward trend of the Shanghai Futures Aluminum has dragged down the bottom price of the spot aluminum slightly to 15880 yuan/ton. Due to ample supply and limited buying interest, the overall market situation remains unchanged with no improvement in transactions.
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