08 OCTOBER 2012Shanghai Metals Market
South China Aluminum Spot Trading low on slow Demand from Downstream producers
Edited by : AL CIRCLE
1 min read
The SHFE 1212 aluminum contract fell along with other base metals, with strong resistance at RMB 15,700/mt. Trading was thin in south China market. Downstream producers purchased as needed, causing traded prices to fall from RMB 15,480/mt to RMB 15,460/mt. Supply was ample, but trading was light.
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