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South China Aluminum: Remarkable Contrast in Futures and Spot Markets with Quiet Spot Trading
Oct 24,2011 14:22CST
smm insight
Source:SMM
SHFE aluminum rallied significantly in the afternoon session on Monday.

SHANGHAI, Oct. 24 (SMM) – SHFE aluminum rallied significantly in the afternoon session on Monday, up nearly 3%. By contrast, spot aluminum market was quite lackluster, and downstream buyers in south China just purchased as needed. Although cargo holders actively sold goods at low prices, limited consumption pared increase of spot aluminum. Mainstream transactions were done at RMB 16,490-16,530/mt, slightly lower than aluminum prices in Shanghai. Trading market was quiet in general.

SHFE aluminum; spot aluminum

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