South China Aluminum: Low Buying Interest Leaves Transactions Muted

SHANGHAI, Jun. 21 (SMM) – On Thursday, SHFE aluminum prices remained relatively sticky in the morning but dropped in the afternoon, rekindled wait-and-see sentiments in the market. In South China, mainstream traded prices were between RMB 15,850-15,880/mt. Buying interest at downstream enterprises remained low. Supply in the market was sufficient although some cargo holders reduced sales, leaving transactions quiet.