South China Aluminum: Spot Prices Down on Pessimism amongst Downstream Producers

Nov 21, 2012 15:01

The SHFE 1301 aluminum contract continued to drop on Wednesday.

SHANGHAI, Nov. 21 (SMM) – The SHFE 1301 aluminum contract continued to drop on Wednesday. Traders were in a hurry to move goods due to tight cash flows at the month’s end. Downstream producers evinced little buying interest due to their bearish views of future prices, driving mainstream traded prices in south China market down to RMB 15,140-15,160/mt, flat with prices in Shanghai. Few deals were completed.

south China aluminum prices

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South China Aluminum: Spot Prices Down on Pessimism amongst Downstream Producers

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