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South China Aluminum: Futures Prices Fall after Climb Initially
Jun 7,2012 16:52CST
smm insight
Source:SMM
On Thursday, SHFE aluminum prices edged up in the morning, promoting buying interest in spot aluminum market, with mainstream traded prices between RMB 16,090/mt.

SHANGHAI, Jun. 7 (SMM) – On Thursday, SHFE aluminum prices edged up in the morning, promoting buying interest in spot market, with mainstream traded prices between RMB 16,090/mt. In the afternoon, however, SHFE aluminum prices fell, and purchases downstream cooled down accordingly. Thus, spot prices dropped to RMB 16,070/mt. Buyers downstream were not actively purchasing despite low prices, causing transactions to turn modest.

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