Spot Aluminum Price Movement in South China (2014-6-3)

SHANGHAI, Jun. 3 (SMM) – Downstream producers and middlemen in south China turned disinclined to purchase goods after SHFE aluminum prices confronted resistance on Tuesday. Cargo holders expressed relatively low selling interest at low prices, causing shortages of supply in the market. Physical aluminum largely traded in the RMB 13,300-13,310/mt range on Tuesday.