Home / Metal News / South China Aluminum: Low Selling Interest Pushes Prices up

South China Aluminum: Low Selling Interest Pushes Prices up

iconDec 21, 2011 15:04
The most active SHFE aluminum contract prices rose to test RMB 15,800/mt on Wednesday.

SHANGHAI, Dec. 21 (SMM) – The most active SHFE aluminum contract prices rose to test RMB 15,800/mt on Wednesday. Since aluminum inventories in spot market in South China were still relatively low, cargo holders’ selling interest remained low, pushing aluminum prices to rise above RMB 16,000/mt. Main transactions were done at RMB 16,030-16,050/mt. Downstream buyers purchased on as-needed basis with heavier financial pressure. Limited transactions were done on Wednesday.

South China
aluminum prices
spot aluminum
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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news