South China Aluminum: Bearish Sentiment Weakens, Goods Holding Increases

SHANGHAI, Sept. 15 (SMM) – After most active SHFE 1111 aluminum contract slightly rebounded in contrast to other base metals following a lower opening, bearish sentiment in South China spot aluminum market weakened, with goods holding increasing after spot price fell below RMB 17,800/mt. Mainstream traded prices during the day were RMB 17,740-17,760/mt. As both sellers and buyers were cautious and mostly stayed out, market transactions were rarely seen.