Home / Metal News / Nickel / South China Aluminum: Policy Fine-tuning Boosts Confidence with Low Selling Interest
South China Aluminum: Policy Fine-tuning Boosts Confidence with Low Selling Interest
Nov 9,2011 14:30CST
smm insight
Source:SMM
Confidence was boosted as China's October CPI growth narrowed remarkably, plus fine-tuning in tightening monetary policy.

SHANGHAI, Nov. 9 (SMM) – China's October CPI growth narrowed remarkably as expected, and eased inflationary pressure led to fine-tuning in tightening monetary policy, boosting confidence in domestic market. Purchases were not frequently seen among downstream aluminum processors in South China, limiting rebound in aluminum market. Meanwhile, cargo holders were not willing to sell at low prices, with mainstream transactions done at RMB 16,360-16,380/mt. Transactions were modest in the market on Wednesday.

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