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

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South China Aluminum Price: Prices Dip, Trading Lackluster

Price Review & Forecast 03:50:07PM Jun 26, 2013 Source:SMM

SHANGHAI, Jun. 26 (SMM) – SHFE 1310 aluminum contract trended down after a high opening on Wednesday, souring market sentiment. Downstream producers in south China stayed out of the market against liquidity crunch at the end of mid-year mark. Although a few traders with lower stocks held back goods, overall supply remained ample, dragging mainstream traded prices down to RMB 14,610-14,630/mt. Trading is expected to remain lackluster till July. 
 

South China Aluminum Price: Prices Dip, Trading Lackluster

Price Review & Forecast 03:50:07PM Jun 26, 2013 Source:SMM

SHANGHAI, Jun. 26 (SMM) – SHFE 1310 aluminum contract trended down after a high opening on Wednesday, souring market sentiment. Downstream producers in south China stayed out of the market against liquidity crunch at the end of mid-year mark. Although a few traders with lower stocks held back goods, overall supply remained ample, dragging mainstream traded prices down to RMB 14,610-14,630/mt. Trading is expected to remain lackluster till July.