South China Aluminum: Transactions Quiet, Markets Expect Improved Consumption Next Week-Shanghai Metals Market

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South China Aluminum: Transactions Quiet, Markets Expect Improved Consumption Next Week

SMM Insight 05:36:53PM Feb 03, 2012 Source:SMM

SHANGHAI, Feb. 3 (SMM) – The most active SHFE aluminum contract prices struggled at RMB 16,200/mt on Friday, and wait-and-see sentiment became stronger in spot aluminum markets. In South China, transactions for spot aluminum were modest with soft downstream consumption. Meanwhile, traders were unwilling to move goods. With the approach of the Lantern Festival, most traders were expecting resumption of production at downstream enterprises, and held prices at RMB 15,900-15,920/mt. Transactions did not improve in general.

Key Words:  South China   aluminum prices 

Price

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#1 Refined Cu
Apr.23
49190.0
-260.0
(-0.53%)
Yangshan Copper Premium(Bill of Lading)
Apr.23
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.23
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

South China Aluminum: Transactions Quiet, Markets Expect Improved Consumption Next Week

SMM Insight 05:36:53PM Feb 03, 2012 Source:SMM

SHANGHAI, Feb. 3 (SMM) – The most active SHFE aluminum contract prices struggled at RMB 16,200/mt on Friday, and wait-and-see sentiment became stronger in spot aluminum markets. In South China, transactions for spot aluminum were modest with soft downstream consumption. Meanwhile, traders were unwilling to move goods. With the approach of the Lantern Festival, most traders were expecting resumption of production at downstream enterprises, and held prices at RMB 15,900-15,920/mt. Transactions did not improve in general.

Key Words:  South China   aluminum prices