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South China Aluminum: Spot Trading Thin on Bearishness
Oct 10,2012 14:34
CSTsmm insight
Source:SMM
The most active SHFE aluminum contract met resistance at RMB 15,600/mt after a low opening on Wednesday, fuelling strong bearish sentiment in spot aluminum market.
SHANGHAI, Oct. 10 (SMM) – The most active SHFE aluminum contract met resistance at RMB 15,600/mt after a low opening on Wednesday, fuelling strong bearish sentiment in spot aluminum market. Mainstream traded prices stagnated at RMB 15,370/mt in south China. Downstream processors purchased as needed due to limited orders, while supply was ample, leaving trading quiet.
south China aluminum prices
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