South China Aluminum: Spot Trading Up on Dip-Buying

Oct 11, 2012 16:29

The most active SHFE aluminum contract drifted higher after a low opening on Thursday morning and later regained RMB 15,500/mt.

SHANGHAI, Oct. 11 (SMM) - The most active SHFE aluminum contract drifted higher after a low opening on Thursday morning and later regained RMB 15,500/mt, stimulating dip-buying from downstream producers and middlemen. Mainstream traded prices rose to RMB 15,380/mt from RMB 15,340/mt. Aluminum prices were resilient to declines compared with other base metals. Cargo holders were actively moving goods, improving trading.

South China aluminum prices

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South China Aluminum: Spot Trading Up on Dip-Buying

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