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Home / Metal News / Aluminium / South China Aluminum: Market Becomes Optimistic, Trading by Middlemen Active
South China Aluminum: Market Becomes Optimistic, Trading by Middlemen Active
Mar 2,2012 17:06
CSTsmm insight
Source:SMM
On Friday, the most active SHFE aluminum contract price rose to move above the 5-day moving average.
SHANGHAI, Mar. 2 (SMM) – On Friday, the most active SHFE aluminum contract price rose to move above the 5-day moving average, raising market optimism. Spot prices in South China increased to RMB 15,920-15,950/mt, but purchases remained modest. Trading by middlemen became active, with transactions improving slightly in general.
South China
aluminum price
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