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South China Aluminum: Futures Dip Low, Low Selling Interest Prevails in Spot Market
Mar 23,2012 17:03CST
smm insight
Source:SMM
On Friday, SHFE 1206 aluminum contract became the most active one, with prices opening at a low of RMB 16,175/mt.

 SHANGHAI, Mar. 23 (SMM) – On Friday, SHFE 1206 aluminum contract became the most active one, with prices opening at a low of RMB 16,175/mt after falling for 4 days. Later, prices moved up but were still below the 60-day moving average, showing more resilience to declines compared with the LME aluminum prices overnight. Spot prices in Nanhai stabilized at the RMB 15,970-15,980/mt range. Low buying interest downstream depressed traders’ willingness to sell goods at low prices. Market remained modest.

South China
aluminum price

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