South China Aluminum: Traders Hiked Offers after SHFE Aluminum Prices Rose

Mar 20, 2013 17:01

The Shanghai Composite Index staged a strong rally on Wednesday, lending support to all base metals prices on the SHFE.

SHANGHAI, Mar. 20 (SMM) – The Shanghai Composite Index staged a strong rally on Wednesday, lending support to all base metals prices on the SHFE. SHFE 1306 aluminum contract prices shot up after a low opening today and closed at an intraday high of RMB 14,720/mt. Despite growing spot aluminum stocks in south China, traders there hiked offers after SHFE aluminum prices rose, sending mainstream traded prices up to RMB 14,500-14,520/mt. Downstream producers continued to purchase on an as-needed basis.

south China aluminum prices

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South China Aluminum: Traders Hiked Offers after SHFE Aluminum Prices Rose

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