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South China Aluminum: Goods at Low Prices Are Rarely Seen
Mar 15,2012 16:11CST
smm insight
Source:SMM
On Thursday, SHFE aluminum prices met resistance at the 5-day moving average and fluctuated weakly.

SHANGHAI, Mar. 15 – On Thursday, SHFE aluminum prices met resistance at the 5-day moving average and fluctuated weakly. In spot markets, however, most traders held a wait-and-see sentiment with expectations on post-delivery market, and were not eager to sell goods at low prices on the last day ahead of the delivery. As a result, goods at low prices were rarely seen in spot market in Guangdong, with quotations mainly at RMB 15,960-15,980/mt. Downstream buyers mainly purchased at noon and traded prices moved down slightly in the afternoon, and transactions turned quiet.

South China
aluminum price

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