South China Aluminum: Spot Trading Depressing on Tight Liquidity at Month’s End

Mar 26, 2013 15:21

SHFE 1306 aluminum contract prices found weak support at RMB 14,700/mt on Tuesday, dampening market sentiment.

SHANGHAI, Mar. 26 (SMM) – SHFE 1306 aluminum contract prices found weak support at RMB 14,700/mt on Tuesday, dampening market sentiment. Traders in south China remained eager to move goods, but consumption was depressing, sending mainstream traded prices down below RMB 14,550/mt. With cash flows tightening at the month’s end, there is little chance that trading will improve for the remainder of the week.

south China aluminum prices

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South China Aluminum: Spot Trading Depressing on Tight Liquidity at Month’s End

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