Home / Metal News / South China Aluminum: Buying Interest Low, Price under Resistance

South China Aluminum: Buying Interest Low, Price under Resistance

iconJul 11, 2012 16:52
Source:SMM
SHFE aluminum prices hovered at RMB 15,500/t after opening lower on July 11, and spot aluminum market in South China remained depressed.

SHANGHAI, Jul. 11 (SMM) - SHFE aluminum hovered at RMB 15,500/t after opening lower on July 11, and spot aluminum market in South China remained depressed. Despite high selling interest, mainstream traded prices were dragged to RMB 15,460-15,490/mt as buying interest was low. Spot prices met strong resistance at RMB 15,500/mt, with discounts over aluminum prices in Shanghai staying above RMB 50/mt. In the afternoon, trading turned thinner with downstream enterprises completing purchasing as needed.

aluminum price
spot aluminum

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All