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Home / Metal News / South China Aluminum: Inventories Up, Prices Test Support at RMB 15,000/Mt

South China Aluminum: Inventories Up, Prices Test Support at RMB 15,000/Mt

Jan 28, 2013 14:37

Source:SMM

SHFE 1303 aluminum contract prices dropped, turning investors more bearish towards spot aluminum prices.

SHANGHAI, Jan. 28 (SMM) – SHFE 1303 aluminum contract prices dropped, turning investors more bearish towards spot aluminum prices. Most aluminum processors in south China have closed early for Chinese New Year, eroding demand and causing inventories to grow. Traded prices of spot aluminum fell to test support at RMB 15,000/mt, with mainstream traded prices at RMB 15,010-15,030/mt. Only middlemen were slightly interested in dip-buying, leaving overall trading muted.

south China aluminum prices

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SHFE 1507 aluminum started lower and rose slightly on Friday. Main trading prices were RMB 12,660-12,680/mt today for spot aluminum in south China.

Jun 19, 2015 18:09

SMM Comments

Weak South China Aluminum Undermines Investors Confidence (Jun. 18, 2015)

SHFE 1507 aluminum rebounded on Thursday after a low. Trading prices for spot aluminum were RMB 12,650-12,660/mt today in south China market.

Jun 18, 2015 16:20

SMM Comments

South China Aluminum Trades at RMB 12,680-12,700/mt (Jun. 17, 2015)

SHFE 1508 aluminum moved narrowly on Wednesday morning and ended the day up RMB 25/mt at RMB 12,710/mt.

Jun 17, 2015 16:47

SMM Comments

South China Aluminum Trades Remain Quiet (Jun. 16, 2015)

Wait-and-see posture prevailed south China market on Tuesday.

Jun 16, 2015 15:49

SMM Comments

South China Aluminum Sees Light Trades (Jun. 15, 2015)

Cargo holders quoted at high in south China. However, downstream purchasers and traders only bought at low and stopped building stocks after Monday morning session.

Jun 15, 2015 17:05

SMM Comments

Post-Holiday Trading in South China Aluminum Market Remains Light (Feb. 25, 2015)

Trading in south China spot aluminum market was thin on the first day after the Chinese New Year holiday.

Feb 25, 2015 15:31

SMM Comments

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South China Aluminum: Inventories Up, Prices Test Support at RMB 15,000/Mt

SMM Events & Webinars

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE