South China Aluminum: Prices Hover with Strong Wait-and-see Sentiment

SMM Insight 03:02:51PM Feb 09, 2012 Source:SMM

SHANGHAI, Feb 9 (SMM) – On Thursday, the most active SHFE aluminum contract price fell below RMB 16,200/mt, depressing market confidence. Downstream purchases were limited but goods supply was sufficient. Thus, spot prices in South China hovered between RMB 15,860-15,880/mt. Both sellers and buyers were bearish towards market outlook, leaving few transactions done in the market.

Key Words:  South China   aluminum price 

South China Aluminum: Prices Hover with Strong Wait-and-see Sentiment

SMM Insight 03:02:51PM Feb 09, 2012 Source:SMM

SHANGHAI, Feb 9 (SMM) – On Thursday, the most active SHFE aluminum contract price fell below RMB 16,200/mt, depressing market confidence. Downstream purchases were limited but goods supply was sufficient. Thus, spot prices in South China hovered between RMB 15,860-15,880/mt. Both sellers and buyers were bearish towards market outlook, leaving few transactions done in the market.

Key Words:  South China   aluminum price