South China Aluminum: Prices Resilient, Spot Trading Light

Jan 7, 2013 15:04

SHFE 1303 aluminum contract prices met resistance at RMB 15,300/mt on Monday.

SHANGHAI, Jan. 7 (SMM) – SHFE 1303 aluminum contract prices met resistance at RMB 15,300/mt on Monday. Strong expectations for the State Reserve Bureau to purchase aluminum ingot and recent limited arrivals enabled cargo holders to hold back goods, helping spot aluminum prices in Guangdong resist declines. Mainstream traded prices were RMB 15,120-15,140/mt. However, limited downstream restocking left overall trading light.

south China aluminum prices

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South China Aluminum: Prices Resilient, Spot Trading Light

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