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South China Aluminum: Capital Pressure Mounts, Transactions Sparse
Sep 20,2011 15:25CST
smm insight
Source:SMM
Mainstream traded prices of spot aluminum in South China dropped to RMB 17,530-17,560/mt. Market transactions remained limited.

SHANGHAI, Sept. 20 (SMM) – Mounting capital pressure at downstream processors as the month-end approaches, downstream consumption is not likely to improve. Stabilizing SHFE aluminum prices, on the other side, led to low-selling interest at lower prices among goods holders. However, a few traders with high capital pressure moved goods at lower prices, which dragged mainstream traded prices to RMB 17,530-17,560/mt. Market transactions remained limited.

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