South China Aluminum Price: Buying Interest Modest, Prices Inch Up

Jul 1, 2013 15:33

Despite the decline in China’s June manufacturing PMI, market sentiment improved as liquidity crunch has eased with the start of the third quarter.

SHANGHAI, Jul. 1 (SMM) – Despite the decline in China’s June manufacturing PMI, market sentiment improved as liquidity crunch has eased with the start of the third quarter. SHFE aluminum rebounded, pushing spot aluminum in south China up as well. Traders held back goods and held offers firm at RMB 14,620/mt, while downstream producers and middlemen were modestly interested in buying, improving overall trading.

south China aluminum prices

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South China Aluminum Price: Buying Interest Modest, Prices Inch Up

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