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Home / Metal News / Falling SHFE Aluminum Undermines Buying Interest in South China (Aug. 8, 2014)

Falling SHFE Aluminum Undermines Buying Interest in South China (Aug. 8, 2014)

Aug 8, 2014 15:11

Source:SMM

Downstream producers in south China aluminum market bought only as needed on Friday.

SHANGHAI, Aug. 8 (SMM) – Downstream producers in south China aluminum market bought only as needed on Friday. However, most held to the sidelines after SHFE 1408 aluminum contract dipped below RMB 14,000/mt in the afternoon. Despite falling SHFE aluminum, traders still held offers at a premium over front-month contract due to falling stocks in the regions. Most deals closed between RMB 14,150-14,170/mt

South China aluminum prices

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Falling SHFE Aluminum Undermines Buying Interest in South China (Aug. 8, 2014)

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