South China Aluminum: Consumption Improves with Prices Increasing Slightly-Shanghai Metals Market

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South China Aluminum: Consumption Improves with Prices Increasing Slightly

SMM Insight 05:21:20PM Feb 13, 2012 Source:SMM

SHANGHAI, Feb 13 (SMM) – The most active SHFE aluminum prices struggled around RMB 16,300/mt on Monday. Trading sentiment was depressed in the markets. Downstream purchases improved slightly in spot markets in South China. Cargo holders were still not willing to move goods at lower prices, driving price up to RMB 15,880-15,900/mt, but spot aluminum supply was sufficient in the market, transactions were modest in the afternoon.

Key Words:  South China   aluminum price 

Price

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SMM #1 Nickel
Apr.22
101450.0
700.0
(0.69%)
#1 JinChuan Nickel
Apr.22
102400.0
850.0
(0.84%)
#1 Import Nickel
Apr.22
100500.0
550.0
(0.55%)
JinChuan B&C
Apr.22
2650.0
150.0
(6.00%)
Russian nickel premium
Apr.22
775.0
-100.0
(-11.43%)

South China Aluminum: Consumption Improves with Prices Increasing Slightly

SMM Insight 05:21:20PM Feb 13, 2012 Source:SMM

SHANGHAI, Feb 13 (SMM) – The most active SHFE aluminum prices struggled around RMB 16,300/mt on Monday. Trading sentiment was depressed in the markets. Downstream purchases improved slightly in spot markets in South China. Cargo holders were still not willing to move goods at lower prices, driving price up to RMB 15,880-15,900/mt, but spot aluminum supply was sufficient in the market, transactions were modest in the afternoon.

Key Words:  South China   aluminum price