South China Aluminum: Prices Resilient to Declines over Low Selling Interest

SHANGHAI, Dec. 27 (SMM) – The most active SHFE aluminum prices rose after opening lower on Tuesday, with an attempt to regain losses from the previous trading day. However, transactions in spot aluminum markets remained weak due to limited prices increases. Spot aluminum supply in South China was stable, and buying interest among downstream buyers was low. Meanwhile, cargo holders were unwilling to move goods and held prices firmly, with spot prices stabilizing between RMB 16,010-16,030/mt, more resilient to declines compared with East China. Transactions were waning in general.