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South China Aluminum: Purchase Interest Remains Low Despite Plummeting Prices
Aug 5,2011 14:35CST
smm insight
Source:SMM
SHANGHAI, Aug. 5 (SMM) – After SHFE aluminum prices fell and stopped, spot aluminum prices in Shanghai also plummeted,

SHANGHAI, Aug. 5 (SMM) – After SHFE aluminum prices fell and stopped, spot aluminum prices in Shanghai also plummeted, with mainstream trading prices of RMB 18,150-18,200/mt, down RMB 445/mt from previous trading day. Downstream purchase interest, however, remained low despite plummeting prices, and aluminum supply turned slightly excessive due to active selling among goods holders, with mainstream trading prices gradually falling. Overall market transactions were extremely limited.


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