South China Aluminum: Inventories Remain Low, Prices Resilient to Declines

Dec 22, 2011 16:10

The most active SHFE aluminum contract prices failed to rally and spot aluminum prices continued a weak trend on Thursday.

SHANGHAI, Dec. 22 (SMM) – The most active SHFE aluminum contract prices failed to rally and spot aluminum prices continued a weak trend on Thursday. In South China, goods holders were more reluctant to move goods as inventories remained low. Main transactions were done at RMB 16,020-16,040/mt, showing stronger resilience to declines compared to East China. Downstream demand was stable and transactions were modest.

South China

aluminum prices

spot aluminum

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South China Aluminum: Inventories Remain Low, Prices Resilient to Declines

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