South China Aluminum: Market Reports Limited Transactions

SHANGHAI, Dec. 2 (SMM) – Spot market was dampened as SHFE aluminum prices attempted to rise but fell back for the lack of upward momentum on Friday. In South China, upward momentum for spot prices was weakened by depressed consumption. Main transactions were done at RMB 16,260-16,290/mt, with premiums over Shanghai spot aluminum prices near to zero. Cargo holders were more actively moving goods but still reluctant to sell goods at lower prices. Only limited transactions were done due to the stalemate between sellers and buyers.