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South China Aluminum: Bearish Sentiment Dominates, Sport Trading Muted
Mar 1,2013 15:01
CSTsmm insight
Source:SMM
SHFE 1305 aluminum contract prices plummeted on Friday, dragging spot aluminum prices down as well.
SHANGHAI, Mar. 1 (SMM) – SHFE 1305 aluminum contract prices plummeted on Friday, dragging spot aluminum prices down as well. Spot aluminum market in Guangdong was quiet. Traders were reluctant to sell at lows, while downstream consumption remained sluggish, leading traded prices stagnant at RMB 14,420-14,430/mt. Market was dominated by bearish sentiment.
south China aluminum prices
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