Home / Metal News /  / South China Aluminum: Tight Cash Flow Limited Spot Transactions
South China Aluminum: Tight Cash Flow Limited Spot Transactions
Dec 29,2011 15:51CST
smm insight
Source:SMM
The most active SHFE aluminum contract prices moved up after opening lower on Thursday.

SHANGHAI, Dec. 29 (SMM) – The most active SHFE aluminum contract prices moved up after opening lower on Thursday, and fluctuated between RMB 15800-15860/mt all day for the lack of upward momentum. Prices for spot aluminum ingot in Nanhai were between RMB 15,950-15,980/mt. Most traders quoted with spot discounts of RMB 10-20/mt. Transactions were quiet in the market. According to traders, the tight liquidity confronted local banks, which resulted in financial pressures for enterprises, was a major reason for limited transactions. Most traders believe the situation is not likely to improve until January 4th, after the New Year's holiday.

South China
aluminum prices

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

Related news