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Home / Metal News / South China Aluminum: Financial Pressure and Low Inventories Lead to Quiet Spot Market

South China Aluminum: Financial Pressure and Low Inventories Lead to Quiet Spot Market

Dec 30, 2011 16:05

Source:SMM

Spot transactions were quiet on Friday.

SHANGHAI, Dec. 30 (SMM) – Spot aluminum market in South China has already confronted with suspension of lending business at banks yesterday. Enterprises were under greater financial pressures by year's end. Besides, with fewer spot goods arriving at the region, inventories reduced to around 70,000 mt. Spot transactions were even quieter on Friday. Only a few downstream buyers purchased for replenishment. Mainstream transactions were done at RMB 15,950-15,980/mt, close to prices on previous trading day.

South China

aluminum prices

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