SHFE 1408 aluminum contract opened lower on Wednesday, souring sentiment in south China aluminum market.
SHANGHAI, Jul. 30 (SMM) – SHFE 1408 aluminum contract opened lower on Wednesday, souring sentiment in south China aluminum market. This was exacerbated by tightening cash at the month’s end, sending mainstream traded prices down RMB 110/mt to RMB 14,080-14,090/mt.
South China aluminum prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.