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South China Aluminum: Purchases Rare Due to Sluggish Consumption
Aug 3,2011 14:59
CSTsmm insight
Source:SMM
SHANGHAI, Aug. 3 (SMM) – As SHFE aluminum prices gained despite falling of other metals prices, spot aluminum prices in south China rose by RMB 120/mt
SHANGHAI, Aug. 3 (SMM) – As SHFE aluminum prices gained despite falling of other metals prices, spot aluminum prices in south China rose by RMB 120/mt in response. Mainstream traded prices in the area were between RMB 18,840-18,860/mt. However, sluggish downstream consumption gradually dragged mainstream traded prices lower. Though goods holders increased supplies, purchases were rarely reported, and market transactions were limited as a result.
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