South China Aluminum: Trading Improves, Prices Resistant to Declines

SHANGHAI, Jun. 1 (SMM) – The most active SHFE aluminum contract price was resilient Friday, but met strong resistance at the RMB 16,000/mt. Spot market in Guangdong remained stable, but a few traders bought goods at higher prices, driving market quotations up, with mainstream traded prices between RMB 16,070-16,100/mt. Transactions improved slightly early in the month.