South China Aluminum: Trading Improves on Increased Downstream Restocking

Jul 19, 2013 15:32

SHFE 1310 aluminum contract prices rose on Friday as shorts closed positions before the upcoming weekend, with prices between RMB 14,310-14,345/mt.

SHANGHAI, Jul. 19 (SMM) – SHFE 1310 aluminum contract prices rose on Friday as shorts closed positions before the upcoming weekend, with prices between RMB 14,310-14,345/mt. Spot aluminum in South China was traded at 14,630-14,640/mt. Despite growing in arrivals of shipments, traders still held offers firm due to low inventories. Most traders anticipate no significant uptick in aluminum prices in the coming week.

south China aluminum prices

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South China Aluminum: Trading Improves on Increased Downstream Restocking

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