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South China Aluminum: Buying Interest Improves with Optimism
Mar 9,2012 17:19CST
smm insight
Source:SMM
On Friday, the reduced inflation pressure aroused optimism in spot aluminum markets.

SHANGHAI, Mar. 9 (SMM) – On Friday, the reduced inflation pressure aroused optimism in spot aluminum markets. Downstream buyers and middlemen were actively purchasing ahead of the weekend, while cargo holders were moving goods cautiously, waiting for spot discounts over the SHFE current month aluminum price to narrow further. Thus, the limited supply drove up spot prices in South China, with traded prices for main transactions rising to RMB 15,930-15,950/mt. A few sellers raised quotations to RMB 15,960/mt, but deals were sparse at the higher prices. Transactions decreased with aluminum prices moving up.

South China
aluminum price

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