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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
Source:SMM
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

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