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South China Aluminum: Transactions Slightly Increase as Capital Pressure Alleviates
Edited by : AL CIRCLE
1 min read
After SHFE aluminum prices rose to struggle at RMB 18,500/mt, spot aluminum prices in south China rallied to above RMB 18,800/mt. Mainstream traded prices in the area were between RMB 18,830-18,850/mt. On the first day of August, as capital pressure began to alleviate, goods holders were active moving goods at high prices, and purchases among downstream buyers slightly increased compared with last Friday. Overall market transactions also slightly increased.
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