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South China Aluminum: Selling Interest Low with Spot Price below RMB 18,000
Aug 16,2011 16:02CST
smm insight
Source:SMM
Most active SHFE aluminum contract prices fell below the 60-day moving average on August 16th, dragging down

SHANGHAI, Aug. 16 (SMM) – Most active SHFE aluminum contract prices fell below the 60-day moving average on August 16th, dragging down spot aluminum prices in south China to below RMB 18,000/mt. Mainstream trading prices in the area were between RMB 17,930-17,950/mt. Overall market transactions were rare due to low selling and buying interest.

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