Home / Metal News / South China Aluminum Price: Trading Brisk as Downstream Producers Actively Restock

South China Aluminum Price: Trading Brisk as Downstream Producers Actively Restock

iconJun 21, 2013 19:00
SHFE 1310 aluminum contract rebounded after opening lower on Friday, driving traders in south China into a wait-and-see posture.

SHANGHAI, Jun. 21 (SMM) – SHFE 1310 aluminum contract rebounded after opening lower on Friday, driving traders in south China into a wait-and-see posture.   Downstream producers were actively replenishing stocks ahead of tighter liquidity next week, helping mainstream traded prices in the region hold at RMB 14,710/mt. Trading today outperformed all the other days in the week. However, there is still room for aluminum prices to drop after supply grows.

 

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

Related news

SMM Events & Webinars

All