South China Aluminum: Bearish Sentiment Dominates, Sport Trading Muted_SMM

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Home / Metal News / Zinc / South China Aluminum: Bearish Sentiment Dominates, Sport Trading Muted

South China Aluminum: Bearish Sentiment Dominates, Sport Trading Muted

Mar 1,2013 15:01

CST

smm 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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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.

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