Aluminum Prices in South China Follow SHFE Aluminum Up RMB 100-120/mt (Aug. 5, 2014)

Aug 5, 2014 16:34

Sellers in south China asked for higher prices after SHFE 1408 aluminum contract rose above RMB 14,000/mt on Tuesday.

SHANGHAI, Aug. 5 (SMM) – Sellers in south China asked for higher prices after SHFE 1408 aluminum contract rose above RMB 14,000/mt on Tuesday. However, rising prices gave sellers incentive to move goods, adding to oversupply pressure. This forced some to cut offers later in the day. Most deals closed between RMB 14,180-14,230/mt.

South China aluminum prices

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Aluminum Prices in South China Follow SHFE Aluminum Up RMB 100-120/mt (Aug. 5, 2014)

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