South China Aluminum: Sluggish Downstream Consumption Erodes Gains of Spot Aluminum

SHANGHAI, Mar. 9 (SMM) – SHFE 1306 aluminum contract prices drifted lower after a high opening on Friday, keeping investors less optimistic. Traders in south China were more willing to move goods, but downstream producers purchased only as needed, curbing gains of spot aluminum prices. Only middlemen were active in bargain-hunting. Mainstream traded prices were RMB 14,650-14,680/mt and overall trading was stable.