South China Aluminum: Cargo Holders Hold Back Goods, Pre-Holiday Restocking Limited

Apr 24, 2013 15:16

SHFE 1306 aluminum contract inched down after opening higher on Wednesday, but did recover earlier losses in the afternoon due to rising copper prices.

SHANGHAI, Apr. 24 (SMM) – SHFE 1306 aluminum contract inched down after opening higher on Wednesday, but did recover earlier losses in the afternoon due to rising copper prices. Traders in south China held to the sidelines, holding offers firm at RMB 14,590/mt. Downstream producers did not make large-scale purchases. As such, aluminum prices hit a ceiling after rising to RMB 14,600/mt.

south China aluminum prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

South China Aluminum: Cargo Holders Hold Back Goods, Pre-Holiday Restocking Limited

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025