16 AUGUST 2011smm
South China Aluminum: Supply and Demand Plunge with Falling Prices
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Most active SHFE 1110 aluminum contract price failed to break through RMB 17,600/mt today, and spot aluminum prices in south China fell in response, with mainstream trading prices of RMB 18,150-18,180/mt. Market transactions were sluggish during the day due to strong wait-and-see sentiment among downstream buyers and low selling interest among goods holders.
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