Wait-and-See Sentiment Dominates South China Aluminum Market (Jul. 28, 2014)

Jul 28, 2014 15:10

August aluminum on the SHFE rebounded above the 5-day moving average after opening lower on Monday.

SHANGHAI, Jul. 28 (SMM) – August aluminum on the SHFE rebounded above the 5-day moving average after opening lower on Monday. Sellers in south China showed high selling interest at high prices. Only a few cargo holders cut offers slightly to promote sales, enticing downstream producers to go bargain hunting. Most deals closed between RMB 14,210-14,230/mt.

South China aluminum prices

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Wait-and-See Sentiment Dominates South China Aluminum Market (Jul. 28, 2014)

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