South China Aluminum Price: Trading Brisk as Downstream Producers Actively Restock-Shanghai Metals Market

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

Price Review & Forecast 07:00:08PM Jun 21, 2013 Source:SMM

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 Price: Trading Brisk as Downstream Producers Actively Restock

Price Review & Forecast 07:00:08PM Jun 21, 2013 Source:SMM

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.