South China Aluminum: Prices Dip on Growing Arrivals

Jul 29, 2013 17:00

SHFE 1310 aluminum contract prices met growing resistance at RMB 14,300/mt on Monday.

SHANGHAI, Jul. 29 (SMM) – SHFE 1310 aluminum contract prices met growing resistance at RMB 14,300/mt on Monday. Large arrivals of shipments over the weekend and cash squeeze at the month’s end left traders in South China in a rush to sell, but downstream consumption was sluggish, pulling mainstream traded prices in Guangdong down to RMB 14,570-14,590/mt.

south China aluminum prices

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South China Aluminum: Prices Dip on Growing Arrivals

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