South China Aluminum: Limited Deals Reported in Spot Markets-Shanghai Metals Market

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South China Aluminum: Limited Deals Reported in Spot Markets

SMM Insight 02:59:26PM Feb 02, 2012 Source:SMM

SHANGHAI, Feb. 2 (SMM) – On Thursday, SHFE aluminum prices fell after rising first in the morning, depressing market confidence. In South China, consumption was moderate, with only a few downstream buyers purchasing on an as-needed basis. Given the low downstream buying interest, cargo holders were not intended to cut prices for cash flows despite their willingness to sell goods. Most traders were waiting for downstream enterprises to resume production after the Lantern Festival. Both seller and buyers chose to stay out of markets, and mainstream transactions were done at RMB 15,920-15,940/mt. Trading volumes were also limited.

Key Words:  South China   aluminum prices 

Price

more
1# Zinc
Apr.23
21850.0
-40.0
(-0.18%)
0# Zinc
Apr.23
21920.0
-40.0
(-0.18%)
T/C for domestic zinc concentrate
Apr.01
6350.0
200.0
(3.25%)
T/C for imported zinc concentrate
Apr.01
240.0
5.0
(2.13%)
Zinc Alloy (Zamak3/ZX01)
Apr.23
22820.0
-40.0
(-0.17%)

South China Aluminum: Limited Deals Reported in Spot Markets

SMM Insight 02:59:26PM Feb 02, 2012 Source:SMM

SHANGHAI, Feb. 2 (SMM) – On Thursday, SHFE aluminum prices fell after rising first in the morning, depressing market confidence. In South China, consumption was moderate, with only a few downstream buyers purchasing on an as-needed basis. Given the low downstream buying interest, cargo holders were not intended to cut prices for cash flows despite their willingness to sell goods. Most traders were waiting for downstream enterprises to resume production after the Lantern Festival. Both seller and buyers chose to stay out of markets, and mainstream transactions were done at RMB 15,920-15,940/mt. Trading volumes were also limited.

Key Words:  South China   aluminum prices