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South China Aluminum: Spot Price Breaks RMB 18,000/mt Supported by Supply Shortage
Jul 22,2011 15:30CST
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Source:SMM
SHANGHAI, Jul. 22nd (SMM) – After most active SHFE aluminum contract prices rebounded following previous falling,

SHANGHAI, Jul. 22nd (SMM) – After most active SHFE aluminum contract prices rebounded following previous falling, spot aluminum prices in south China successfully broke through RMB 18,000/mt. Mainstream traded prices in the area were between RMB 18,020-18,040/mt. Supplies from goods holders became extremely limited after spot social inventories in Nanhai fell below 60,000 mt, and movement of goods was rarely seen. No transaction was reported as a result of supply shortage.


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