Spot Aluminum Price Movement in South China (2013-10-14)

Price Review & Forecast 03:31:27PM Oct 14, 2013 Source:SMM

SHANGHAI, Oct. 14 (SMM) – Mainstream traded prices for spot aluminum in south China edged down RMB 25/mt from the previous trading day to RMB 14,420-14,440/mt on Monday, dragged down by mounting inventories. Downstream producers, anticipating a decline in aluminum prices after SHFE 1311 aluminum contacts shift to the new current-month contracts, refrained from buying.
 

Key Words:  south China aluminum  

Spot Aluminum Price Movement in South China (2013-10-14)

Price Review & Forecast 03:31:27PM Oct 14, 2013 Source:SMM

SHANGHAI, Oct. 14 (SMM) – Mainstream traded prices for spot aluminum in south China edged down RMB 25/mt from the previous trading day to RMB 14,420-14,440/mt on Monday, dragged down by mounting inventories. Downstream producers, anticipating a decline in aluminum prices after SHFE 1311 aluminum contacts shift to the new current-month contracts, refrained from buying.
 

Key Words:  south China aluminum