South China Aluminum Price: Gains Sustained on Short Supply-Shanghai Metals Market

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South China Aluminum Price: Gains Sustained on Short Supply

SMM Insight 03:18:39PM Jun 04, 2013 Source:SMM

SHANGHAI, Jun. 4 (SMM) – SHFE 1309 aluminum contract prices tempered gains on Tuesday, meeting resistance at RMB 14,900/mt. Mainstream traded prices in Guangdong, however, advanced to RMB 15,050-15,080/mt on short supply, a premium of more than RMB 200/mt over Shanghai. Downstream producers purchased on an as-needed basis.  
 

South China Aluminum Price: Gains Sustained on Short Supply

SMM Insight 03:18:39PM Jun 04, 2013 Source:SMM

SHANGHAI, Jun. 4 (SMM) – SHFE 1309 aluminum contract prices tempered gains on Tuesday, meeting resistance at RMB 14,900/mt. Mainstream traded prices in Guangdong, however, advanced to RMB 15,050-15,080/mt on short supply, a premium of more than RMB 200/mt over Shanghai. Downstream producers purchased on an as-needed basis.