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South China Aluminum: Trading Market Moderate with Low Selling Interest
Oct 26,2011 14:53CST
smm insight
Source:SMM
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.

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