Spot Aluminum Price Movement in South China (2014-4-18)

SHANGHAI, Apr. 18 (SMM) – Downstream producers in south China went bargain hunting on Friday morning. Rising SHFE 1405 aluminum contract allowed cargo holders to raise offers to RMB 13,050/mt in the afternoon, and some buyers were still willing to buy at such high price. Overall trading was brisk. Most transactions were RMB 13,030-13,050/mt.