South China Aluminum: Few Transactions Reported in South China Markets -Shanghai Metals Market

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South China Aluminum: Few Transactions Reported in South China Markets

SMM Insight 02:58:32PM Jan 19, 2012 Source:SMM

SHANGHAI, Jan. 19 (SMM) – SHFE 1204 aluminum contract prices opened at RMB 16,360/mt on Thursday. In the morning session, prices showed a weak track and moved below moving averages. Trading volumes of aluminum in Shanghai fell further, prices still found strong support at the 5-day moving average. Spot prices for aluminum ingots in Nanhai were between RMB 16,060-16,090/mt. Most traders stopped moving goods with only a few transactions done for aluminum ingots.

Key Words:  South China   aluminum prices 

South China Aluminum: Few Transactions Reported in South China Markets

SMM Insight 02:58:32PM Jan 19, 2012 Source:SMM

SHANGHAI, Jan. 19 (SMM) – SHFE 1204 aluminum contract prices opened at RMB 16,360/mt on Thursday. In the morning session, prices showed a weak track and moved below moving averages. Trading volumes of aluminum in Shanghai fell further, prices still found strong support at the 5-day moving average. Spot prices for aluminum ingots in Nanhai were between RMB 16,060-16,090/mt. Most traders stopped moving goods with only a few transactions done for aluminum ingots.

Key Words:  South China   aluminum prices