South China Aluminum: Offers Firm, but Trading Limited

Mar 13, 2013 16:51

SHFE 1306 aluminum contract prices rebounded on Wednesday, sending spot aluminum prices up as well.

SHANGHAI, Mar. 13 (SMM) – SHFE 1306 aluminum contract prices rebounded on Wednesday, sending spot aluminum prices up as well. Traders in south China held offers firm at RMB 14,590/mt on news that the State Reserve Bureau will buy aluminum ingot on Friday. However, downstream producers and middlemen held to the sidelines, preventing spot aluminum prices from rising above RMB 14,600/mt. Overall trading was moderate.

south China aluminum prices

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South China Aluminum: Offers Firm, but Trading Limited

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