South China Aluminum Price: Traders Cut Offers, Prices Dip below RMB 15,000/Mt-Shanghai Metals Market

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South China Aluminum Price: Traders Cut Offers, Prices Dip below RMB 15,000/Mt

Price Review & Forecast 03:58:20PM Jun 19, 2013 Source:SMM

SHANGHAI, Jun. 19 (SMM) – SHFE 1310 aluminum contract remained low, testing support at RMB 14,500/mt on Wednesday. Tepid demand forced traders in south China to move goods at lower prices, sending mainstream traded prices down from RMB 14,980/mt to RMB 14,930/mt, only RMB 300/mt higher than in Shanghai. 

 

South China Aluminum Price: Traders Cut Offers, Prices Dip below RMB 15,000/Mt

Price Review & Forecast 03:58:20PM Jun 19, 2013 Source:SMM

SHANGHAI, Jun. 19 (SMM) – SHFE 1310 aluminum contract remained low, testing support at RMB 14,500/mt on Wednesday. Tepid demand forced traders in south China to move goods at lower prices, sending mainstream traded prices down from RMB 14,980/mt to RMB 14,930/mt, only RMB 300/mt higher than in Shanghai.