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South China Aluminum: Spot Price Falls from RMB 18,000/mt as Market Cools Down
Edited by : AL CIRCLE
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SHFE aluminum prices opened lower and fell on July 21st. After aluminum prices broke RMB 18,000/mt, wait-and-see attitude turned strong among downstream buyers in south China. With inquiries rarely reported, spot aluminum prices in south China fell, with mainstream prices reported between RMB 17,970-18,000/mt. Interest of moving goods among cargo-holders also slightly weakened. As a result, market transactions were rarely reported due to low interest among both sellers and buyers.
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