South China Aluminum: Buying Interest Tepid, Prices Lack Upward Impetus

SHANGHAI, Feb. 27 (SMM) – SHFE 1305 aluminum contract prices marched down after a high opening on Wednesday. Traders in south China were eager to move goods against growing inventories and to generate cash at the month’s end. However, downstream producers exhibited low buying interest against tight cash flows and as they generally resumed production only after the Lantern Festival, leaving mainstream traded prices stagnant at RMB 14,560-14,570/mt. Overall trading was light.