30 AUGUST 2011Shanghai Metal Market
South China Aluminum: Mainstream Trading Prices Fall with Low Buying Interest
Edited by : AL CIRCLE
1 min read
Spot aluminum supply was sufficient in south China today, but buying interest downstream was low due to weak consumption and capital pressure at month’s end, with mainstreaming trading prices dragged down to RMB 17,940-17,980/mt. The weak demand also kept resistance at RMB 18,000/mt strong and limited spot aluminum prices’ ability to follow movement of SHFE aluminum prices. Overall market transactions were limited.
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