Home / Metal News / Copper / South China Aluminum: Spot Trading Up on Dip-Buying
South China Aluminum: Spot Trading Up on Dip-Buying
Oct 11,2012 16:29CST
smm insight
Source:SMM
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

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news