South China Aluminum: Traders Eager to Sell out of Growing Bearishness

Mar 12, 2013 14:22

SHFE 1306 aluminum contract prices extended losses for three straight days, dampening market sentiment and promoting traders to actively sell for cash.

SHANGHAI, Mar. 12 (SMM) – SHFE 1306 aluminum contract prices extended losses for three straight days, dampening market sentiment and promoting traders to actively sell for cash. Tepid demand from downstream producers and middlemen sent mainstream traded prices in south China down to RMB 14,520-14,550/mt, basically flat with prices in Shanghai. Consumption should remain sluggish for the short term.

south China aluminum prices

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South China Aluminum: Traders Eager to Sell out of Growing Bearishness

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