South China Aluminum: Financial Pressure and Low Inventories Lead to Quiet Spot Market

Dec 30, 2011 16:05

Spot transactions were quiet on Friday.

SHANGHAI, Dec. 30 (SMM) – Spot aluminum market in South China has already confronted with suspension of lending business at banks yesterday. Enterprises were under greater financial pressures by year's end. Besides, with fewer spot goods arriving at the region, inventories reduced to around 70,000 mt. Spot transactions were even quieter on Friday. Only a few downstream buyers purchased for replenishment. Mainstream transactions were done at RMB 15,950-15,980/mt, close to prices on previous trading day.

South China

aluminum prices

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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

South China Aluminum: Financial Pressure and Low Inventories Lead to Quiet Spot Market

SMM Events & Webinars

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025

AICE 2025 SMM (14th) Aluminum Industry Annual Conference