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South China Aluminum: Downstream Wait-and-see Sentiment Grows, Spot Premiums Narrow
Sep 22,2011 16:50CST
smm insight
Source:SMM
Mainstream traded prices of spot aluminum in Nanhai, Foshan City dropped to RMB 17,530-17,550/mt.

SHANGHAI, Sept. 22 (SMM) – Spot prices dropped with weakening SHFE aluminum in the afternoon. Goods holders in South China actively touted their goods. However, as downstream buyers were bearish towards future aluminum prices, and their consuming power was also limited, most buyers took the wait-and-see attitude, with premiums over Shanghai spot prices further narrowing. Mainstream traded prices of spot aluminum in Nanhai, Foshan City were between RMB 17,530-17,550/mt.

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