South China Aluminum: Spot Trading Quiet as Pessimism Lingers

Oct 25, 2012 14:54

SHFE 1212 aluminum contract prices remained under RMB 15,400/mt on Thursday.

SHANGHAI, Oct. 25 (SMM) – SHFE 1212 aluminum contract prices remained under RMB 15,400/mt on Thursday. Cargo holders in south China market were eager to move goods due to tight cash flows at the month’s end, but downstream producers shied away from buying as they were bearish towards aluminum prices, causing mainstream traded prices to inch down to RMB 15,230-15,250/mt. Trading should not pick up as the months ends.

south China aluminum prices

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South China Aluminum: Spot Trading Quiet as Pessimism Lingers

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