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South China Aluminum: Limited Deals Made with Sellers and Buyers Staying Out of Markets

iconFeb 7, 2012 14:54
Source:SMM
The most active SHFE aluminum contract price followed a downward trend on Tuesday.

SHANGHAI, Feb. 7 (SMM) – The most active SHFE aluminum contract price followed a downward trend on Tuesday with pressure at the moving averages, depressing spot aluminum markets. In South China, downstream consumption was modest with traders unwilling to move goods due to remaining low prices. Both sellers and buyers were staying out of markets, with main transactions done between RMB 15,860-15,880/mt.

South China
aluminum prices

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