South China Aluminum: Limited Deals Made with Sellers and Buyers Staying Out of Markets

SMM Insight 02:54:50PM Feb 07, 2012 Source:SMM

SHANGHAI, Feb. 7 (SMM) – The most active SHFE aluminum contract price followed a downward trend on Tuesday with pressure at the moving averages, depressing spot aluminum markets. In South China, downstream consumption was modest with traders unwilling to move goods due to remaining low prices. Both sellers and buyers were staying out of markets, with main transactions done between RMB 15,860-15,880/mt.

Key Words:  South China   aluminum prices 

South China Aluminum: Limited Deals Made with Sellers and Buyers Staying Out of Markets

SMM Insight 02:54:50PM Feb 07, 2012 Source:SMM

SHANGHAI, Feb. 7 (SMM) – The most active SHFE aluminum contract price followed a downward trend on Tuesday with pressure at the moving averages, depressing spot aluminum markets. In South China, downstream consumption was modest with traders unwilling to move goods due to remaining low prices. Both sellers and buyers were staying out of markets, with main transactions done between RMB 15,860-15,880/mt.

Key Words:  South China   aluminum prices