26 JUNE 2012Reuters
Shanghai aluminium falls over 3%
Edited by : AL CIRCLE
1 min read
Shanghai aluminium futures fell over 3 percent in afternoon trade to a 14,990 Yuan ($2,400) a tonne, exchange data exchange showed on Tuesday.
The most-active October aluminium contract on the Shanghai Futures Exchange was down 3.13 percent at 15,035 Yuan by 0640 GMT, after hitting a low of 14,990.
Chinese aluminium prices have been pressured by news that local governments were supporting high-cost aluminium smelters with subsidies to boost local GDP.
The most-active October aluminium contract on the Shanghai Futures Exchange was down 3.13 percent at 15,035 Yuan by 0640 GMT, after hitting a low of 14,990.
Chinese aluminium prices have been pressured by news that local governments were supporting high-cost aluminium smelters with subsidies to boost local GDP.
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