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South China Aluminum: Market transactions Sluggish after Futures Plunge
Aug 4,2011 16:56CST
smm insight
Source:SMM
SHANGHAI, Aug. 4 (SMM) – After SHFE aluminum prices plunged in the morning session, spot aluminum prices in Nanhai fell in response.

SHANGHAI, Aug. 4 (SMM) – After SHFE aluminum prices plunged in the morning session, spot aluminum prices in Nanhai fell in response. Selling interest was low among goods holders due to drastic price fall, downstream buyers also took a wait-and-see attitude, and market transactions were slightly sluggish as a result. Mainstream trading prices in Nanhai were between RMB 18,610-18,630/mt.


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