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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.
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