South China Aluminum Price: Prices Fall Further, Transactions Modest

Apr 12, 2013 14:49

SHFE 1306 aluminum contract was capped under the 30-day moving average on Friday, undermining market sentiment.

SHANGHAI, Apr. 12 (SMM) – SHFE 1306 aluminum contract was capped under the 30-day moving average on Friday, undermining market sentiment. Traders in south China rushed to sell, but downstream producers purchased only to need, bringing mainstream traded prices down to RMB 14,660-14,680/mt. Overall transactions were modest.

south China aluminum prices

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South China Aluminum Price: Prices Fall Further, Transactions Modest

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