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South China Aluminum: Mainstream Trading Prices Fall with Low Buying Interest
Aug 30,2011 14:51CST
smm insight
Source:SMM
Buying interest downstream was low due to weak consumption and capital pressure at month’s end, with mainstreaming trading prices dragged down to RMB 17,940-17,980/mt.

SHANGHAI, Aug. 30 (SMM) – Spot aluminum supply was sufficient in south China today, but buying interest downstream was low due to weak consumption and capital pressure at month’s end, with mainstreaming trading prices dragged down to RMB 17,940-17,980/mt. The weak demand also kept resistance at RMB 18,000/mt strong and limited spot aluminum prices’ ability to follow movement of SHFE aluminum prices. Overall market transactions were limited.

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