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South China Aluminum: Limited Consumption Restrains Price Increases
Nov 28, 2011 15:52Source:SMM
SHFE aluminum prices began to stabilize at RMB 15,800/mt on Monday.
SHANGHAI, Nov. 28 (SMM) – SHFE aluminum prices began to stabilize at RMB 15,800/mt on Monday in spite of the drop in LME lead prices last Friday. However, purchases were limited in spot aluminum market in South China due to the large-amount sales for replenishment last weekend. Thus, the increases in prices were restrained over sufficient supply, with mainstream transactions done at RMB 16,100-16,130/mt. Transactions were modest in general.
South China
Aluminum price
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