South China Aluminum: Spot Trading Up on Decreasing Supply-Shanghai Metals Market

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South China Aluminum: Spot Trading Up on Decreasing Supply

SMM Insight 02:51:10PM Jan 18, 2013 Source:SMM

SHANGHAI, Jan. 18 (SMM) – SHFE 1303 aluminum contract prices rose mildly on Friday, helping spot aluminum prices rebound. Traders in south China became less active in selling, helping driving mainstream traded prices up to RMB 15,110-15,120/mt. Downstream producers purchased as needed, combined with decreasing supply, improving overall trading slightly.
 

South China Aluminum: Spot Trading Up on Decreasing Supply

SMM Insight 02:51:10PM Jan 18, 2013 Source:SMM

SHANGHAI, Jan. 18 (SMM) – SHFE 1303 aluminum contract prices rose mildly on Friday, helping spot aluminum prices rebound. Traders in south China became less active in selling, helping driving mainstream traded prices up to RMB 15,110-15,120/mt. Downstream producers purchased as needed, combined with decreasing supply, improving overall trading slightly.