Spot Aluminum Price Movement in South China (2014-3-25)

SHANGHAI, Mar. 24 (SMM) – The most active SHFE aluminum contract price rebounded on Tuesday, and extended gains during the afternoon trading session to rise above the 5-day moving average. A limited amount of low priced aluminum supply was sold out immediately in the morning. As SHFE current-month aluminum prices trended higher later, cargo holders turned reluctant to move goods and raised offers to as high as RMB 12,410/mt. Middlemen and downstream producers traded briskly, with fairly encouraging trading activity on Tuesday.