02 AUGUST 2011en.smm.cn
South China Aluminum: Spot Price Falls with Strong Wait-and-see Sentiment
Edited by : AL CIRCLE
1 min read
As most active SHFE aluminum contract prices opened lower and struggled at the 5-day moving average, spot aluminum prices in south China fell in response. Mainstream traded prices in the area were between RMB 18,720-18,740/mt. Though goods holders increased their supplies, wait-and-see sentiment was strong among downstream processing enterprises, thereby dragging down mainstream traded prices. Overall market transactions were limited.
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