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South China Aluminum: Spot Trading Limited on Low Buying Interest
Oct 19,2012 15:15
CSTsmm insight
Source:SMM
The SHFE 1212 aluminum contract was resilient to declines compared with other base metals, but failed to hold onto RMB 15,500/mt, souring sentiment in south China market.
SHANGHAI, Oct. 19 (SMM) – The SHFE 1212 aluminum contract was resilient to declines compared with other base metals, but failed to hold onto RMB 15,500/mt, souring sentiment in south China market. Downstream producers showed little interest in buying before the weekend, causing traded prices to inch down to RMB 15,320/mt. Traders were eager to move goods, but trading was limited.
south China aluminum prices
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