South China Aluminum: Policy Fine-tuning Boosts Confidence with Low Selling Interest

SHANGHAI, Nov. 9 (SMM) – China's October CPI growth narrowed remarkably as expected, and eased inflationary pressure led to fine-tuning in tightening monetary policy, boosting confidence in domestic market. Purchases were not frequently seen among downstream aluminum processors in South China, limiting rebound in aluminum market. Meanwhile, cargo holders were not willing to sell at low prices, with mainstream transactions done at RMB 16,360-16,380/mt. Transactions were modest in the market on Wednesday.