South China Aluminum: Consumption Declines with Completion of Replenishment -Shanghai Metals Market

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South China Aluminum: Consumption Declines with Completion of Replenishment

SMM Insight 03:31:48PM Jan 10, 2012 Source:SMM

SHANGHAI, Jan. 10 (SMM) – Spot aluminum markets in South China showed much lower consumption on Tuesday as most downstream enterprises have finished building stocks ahead of the Chinese New Year holiday. Lower buying interest abated upward room for spot prices in South China, with mainstream transactions done at RMB 16,020-16,050/mt. In the afternoon, as the most active SHFE aluminum rose, cargo holders were reluctant to move goods at lower prices. Thus, transactions were not as good as in previous trading day.

Key Words:  South China   aluminum prices 

South China Aluminum: Consumption Declines with Completion of Replenishment

SMM Insight 03:31:48PM Jan 10, 2012 Source:SMM

SHANGHAI, Jan. 10 (SMM) – Spot aluminum markets in South China showed much lower consumption on Tuesday as most downstream enterprises have finished building stocks ahead of the Chinese New Year holiday. Lower buying interest abated upward room for spot prices in South China, with mainstream transactions done at RMB 16,020-16,050/mt. In the afternoon, as the most active SHFE aluminum rose, cargo holders were reluctant to move goods at lower prices. Thus, transactions were not as good as in previous trading day.

Key Words:  South China   aluminum prices