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South China Aluminum: Consumption Recovers Slowly, Concerns over Aluminum Markets Remain
Feb 15,2012 16:01CST
smm insight
Source:SMM
SHFE 1205 aluminum contract price opened at RMB 16,240/mt on Wednesday.

SHANGHAI, Feb 15 (SMM) – SHFE 1205 aluminum contract price opened at RMB 16,240/mt on Wednesday. Market confidence was boosted by the increase in China’s domestic stocks. As a result, SHFE aluminum price rose to a high of RMB 16,270/mt and fluctuated around the level in the morning. Spot aluminum prices in Nanhai were between RMB 15,860-15,880/mt, with transactions becoming more brisk. However, traders were still bearish on aluminum prices, saying aluminum market was no longer as lively as it used to be. Downstream consumption was recovering slowly, and concerns over market outlook remained due to the still high inventories and low trading sentiment.

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