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South China Aluminum: Futures Meet Resistance, Spot Prices in Nanhai Remain Stable
Mar 13,2012 15:49CST
smm insight
Source:SMM
On Tuesday, SHFE 1205 aluminum contract price opened at RMB 16,190/mt and fell briefly.

SHANGHAI, Mar. 13 – On Tuesday, SHFE 1205 aluminum contract price opened at RMB 16,190/mt and fell briefly. Later, SHFE aluminum was boosted by the positive news of eased Greek crisis but met resistance at the 20-day moving average. Spot prices in Nanhai remained stable at RMB 15,950-15,970/mt. Traders held prices firmly with bullish outlook, while downstream buyers turned cautious and stood on sidelines as prices moved up. Trading sentiment remained weak in the market.

South China
aluminum price

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