South China Aluminum Price: Prices Down, Trading Muted-Shanghai Metals Market

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South China Aluminum Price: Prices Down, Trading Muted

Price Review & Forecast 04:22:10PM Jun 20, 2013 Source:SMM

SHANGHAI, Jun. 20 (SMM) – SHFE 1310 aluminum contract opened lower on Thursday and shed over 1% in the afternoon, causing markets to panic. In response, traders in south China were anxious to liquidate inventories, but downstream consumption was sluggish, pulling mainstream traded prices down from RMB 14,830/mt to RMB 14,780/mt, with premium over Shanghai down to RMB 250/mt. 

 

South China Aluminum Price: Prices Down, Trading Muted

Price Review & Forecast 04:22:10PM Jun 20, 2013 Source:SMM

SHANGHAI, Jun. 20 (SMM) – SHFE 1310 aluminum contract opened lower on Thursday and shed over 1% in the afternoon, causing markets to panic. In response, traders in south China were anxious to liquidate inventories, but downstream consumption was sluggish, pulling mainstream traded prices down from RMB 14,830/mt to RMB 14,780/mt, with premium over Shanghai down to RMB 250/mt.