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South China Aluminum: Middlemen Buying Interest Lowers with Rising Prices
Jul 25,2011 15:20CST
smm insight
Source:SMM
SHANGHAI, Jul. 25th (SMM) – SHFE aluminum became the only base metal to gain on July 25th, and spot aluminum prices in south China also reached a recent new high

SHANGHAI, Jul. 25th (SMM) – SHFE aluminum became the only base metal to gain on July 25th, and spot aluminum prices in south China also reached a recent new high at RMB 18,100/mt due to supply shortage. Mainstream traded prices were between RMB 18,100-18,140/mt. Downstream buyers still purchased on an as-needed basis. Continuous rising aluminum prices also dampened buying interest of middlemen. Market transactions were limited as a result.


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