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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
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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