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

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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 

Price

more
#1 Lead
Apr.22
16600.0
50.0
(0.30%)
T/C for domestic lead concentrate
Apr.01
1850.0
0.0
(0.00%)
T/C for imported lead concentrate
Apr.01
27.5
0.0
(0.00%)
#2 Lead
Apr.22
16525.0
25.0
(0.15%)
Secondary Lead
Apr.22
16125.0
25.0
(0.16%)

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