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Home / Metal News / South China Aluminum: Prices Cannot Resist Declines over Dropping Consumption

South China Aluminum: Prices Cannot Resist Declines over Dropping Consumption

iconNov 16, 2011 14:24
The most active SHFE aluminum contract prices suffered continuous drop as European debt crisis intensified.

SHANGHAI, Nov. 16 (SMM) -- The most active SHFE aluminum contract prices suffered continuous drop as European debt crisis intensified. Bearish mood increased in spot aluminum market on Wednesday, and buying interest declined among downstream buyers in South China, leading to higher supply. Aluminum prices could not resist declines. Mainstream transactions were done at RMB 16,230-16,270/mt, with premiums over Shanghai aluminum prices dropping below positive RMB 200/mt. Transactions were quiet on Wednesday.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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