Home / Metal News / Copper / South China Aluminum: Cargo-holders Sell Goods at Low Prices before Holiday on Bearish Outlook
South China Aluminum: Cargo-holders Sell Goods at Low Prices before Holiday on Bearish Outlook
Sep 28,2011 15:07CST
smm insight
Source:SMM
Cargo-holders were still bearish towards the outlook, and actively sold goods at low prices before the coming Chinese National Day holiday.

SHANGHAI, Sept. 28 (SMM) – Few deals were done in the spot aluminum market in Guangdong on Wednesday, with downstream producers making limited purchases. Despite that SHFE aluminum prices narrowly fluctuated after opening higher on Wednesday, cargo-holders were still bearish towards the outlook, and actively sold goods at low prices before the coming Chinese National Day holiday, pulling down spot traded prices. Mainstream transactions were done at RMB 17,070-17,110/mt, with prices lower than Shanghai spot aluminum prices. In general, transactions were sparse in south China aluminum market.

spot aluminum; SHFE aluminuim prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn