Metals News
South China Aluminum: Transactions Quiet, Traded Prices Down
smm insight
03:54PM
Jul 3,2012
Source:SMM

SHANGHAI, Jul. 3 (SMM) – The most active SHFE aluminum price tested RMB 15,500/mt on Tuesday but spot aluminum prices remained sluggish. Although consumption downstream improved slightly compared with late June, the rises were limited, dampening market sentiment. Goods holders lowered quotations for sales with mainstream transactions done between RMB 15,580-15,620/mt. Purchases downstream were still sparse, leaving transactions quiet.
 

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