Spot Aluminum Price Movement in South China (2013-11-29)_SMM

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Home / Metal News / Lead / Spot Aluminum Price Movement in South China (2013-11-29)

Spot Aluminum Price Movement in South China (2013-11-29)

Nov 29,2013 15:41

CST

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Source:SMM

Fewer aluminum ingots arrived in south China, tightening supply.

SHANGHAI, Nov. 29 (SMM) – Fewer aluminum ingots arrived in south China, tightening supply. This, combined with downstream producers stepping up purchases before the weekend, enabled cargo holders to raise offers. As a result, spot aluminum prices rose to RMB 14,340/mt from RMB 14,330/mt. Higher-quality goods were quoted at RMB 14,350/mt.

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