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Home / Metal News / Precious Metals / South China Aluminum: Goods Holders Hold Price, Transactions Rise
South China Aluminum: Goods Holders Hold Price, Transactions Rise
Sep 21,2011 16:42
CSTsmm insight
Source:SMM
Mainstream traded prices of spot aluminum in Nanhai were between RMB 17,610-17,630/mt. Overall market transactions slightly improved from previous trading day.
SHANGHAI, Sept. 21 (SMM) – Rebounding SHFE aluminum prices today helped push up spot aluminum prices in Nanhai, boosting market confidence. As goods holders were more confident towards future aluminum prices, their quotations were generally held stable. Middlemen were active, while only limited downstream buyers entered the market. Overall market transactions slightly improved from previous trading day. Mainstream traded prices of spot aluminum in Nanhai were between RMB 17,610-17,630/mt.
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