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

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South China Aluminum Price: Prices Down, Trading Lackluster

Price Review & Forecast 05:16:28PM Jun 25, 2013 Source:SMM

SHANGHAI, Jun. 25 (SMM) – SHFE 1310 aluminum contract fell on Tuesday as China’s A-shares continued to fall. As a result, cargo holders in south China rushed to liquidate stocks, sending mainstream traded prices down to RMB 14,630-14,670/mt, only RMB 250/mt higher than in Shanghai. Trading was lackluster due to tight liquidity. 
 

South China Aluminum Price: Prices Down, Trading Lackluster

Price Review & Forecast 05:16:28PM Jun 25, 2013 Source:SMM

SHANGHAI, Jun. 25 (SMM) – SHFE 1310 aluminum contract fell on Tuesday as China’s A-shares continued to fall. As a result, cargo holders in south China rushed to liquidate stocks, sending mainstream traded prices down to RMB 14,630-14,670/mt, only RMB 250/mt higher than in Shanghai. Trading was lackluster due to tight liquidity.