South China Aluminum: Sellers Actively Moving Goods with Prices Falling

SHANGHAI, Jun. 4 (SMM) – The most active SHFE aluminum contract price opened lower on Monday and met resistance to rise up, dragging down spot prices in South China. Enterprises downstream limited purchases on bearish outlook, while cargo holders were moving goods actively, leaving traded prices in spot market down below RMB 16,000/mt. Mainstream traded prices were between RMB 16,000-16,040/mt and trading remained light.