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South China Aluminum: Lower Selling Interest Boosts Transactions
Nov 21,2011 16:18CST
smm insight
Source:SMM
SHFE 1202 aluminum contract became the most active SHFE aluminum contract on Monday, with prices struggling to stand at RMB 16,000/mt.

SHANGHAI, Nov. 21 (SMM) – SHFE 1202 aluminum contract became the most active SHFE aluminum contract on Monday, with prices struggling to stand at RMB 16,000/mt. Inventories in South China spot market remained a low level. Despite weak performance in futures market, cargo holders were more reluctant to move goods for lower prices, pushing spot prices up slightly to RMB 16,160-16,180/mt. Meanwhile, buyers still purchased as needed, but overall transactions improved over limited supply.

South China
SHFE Aluminum

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