Metals News
South China Aluminum: Buyers Dominate Market and Purchase at Low Prices
smm insight

SHANGHAI, Jul. 5 (SMM) – SHFE aluminum prices rose and tested RMB 15,800/mt on Thursday. In South China market, however, spot aluminum consumption remained sluggish and market was dominated by buyers, causing spot aluminum prices failed to rise along with futures with mainstream traded prices between RMB 15,660-15,700/mt, still lower than spot aluminum prices in Shanghai market. Goods holders were actively selling goods but downstream buyers only purchased at low prices, leaving higher prices somewhat meaningless without a market and transactions modest.

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