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Home / Metal News / South China Aluminum: Trading Market Moderate with Low Selling Interest

South China Aluminum: Trading Market Moderate with Low Selling Interest

iconOct 26, 2011 14:53
Both domestic stocks and SHFE copper continued to increase on Wednesday, while SHFE aluminum market was not boosted by surrounding market.

SHANGHAI, Oct. 26 (SMM) – Both domestic stocks and SHFE copper continued to increase on Wednesday, while SHFE aluminum market was not boosted by surrounding market, with weak movements in SHFE near-term aluminum contracts. In this context, selling interest among cargo holders in South China was quite low due to lower prices, with mainstream transactions done at RMB 16,440-16,460/mt and quotations mainly at RMB 16,460/mt. Despite no improvement in downstream buying interest, cargo holders kept offers firm. Thus, trading market was moderate on the whole.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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