South China Aluminum: Prices Down on Soft Downstream Demand-Shanghai Metals Market

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South China Aluminum: Prices Down on Soft Downstream Demand

SMM Insight 04:42:55PM Jan 23, 2013 Source:SMM

SHANGHAI, Jan. 23 (SMM) – SHFE 1303 aluminum contract prices were mired on Wednesday. Most aluminum processors in south China will close for the Chinese New Year before the end of this week. Soft demand for restocking, coupled with traders’ eagerness to sell at the month’s end, sent mainstream traded prices in the region down to RMB 15,070-15,090/mt. Overall trading was muted.
 

South China Aluminum: Prices Down on Soft Downstream Demand

SMM Insight 04:42:55PM Jan 23, 2013 Source:SMM

SHANGHAI, Jan. 23 (SMM) – SHFE 1303 aluminum contract prices were mired on Wednesday. Most aluminum processors in south China will close for the Chinese New Year before the end of this week. Soft demand for restocking, coupled with traders’ eagerness to sell at the month’s end, sent mainstream traded prices in the region down to RMB 15,070-15,090/mt. Overall trading was muted.