South China Aluminum: Prices Fails to Rally, Transactions Quiet

SMM Insight 02:58:25PM Feb 20, 2012 Source:SMM

SHANGHAI, Feb. 20 (SMM) – The most active SHFE aluminum price failed to rise and struggled around moving averages. In South China, since inventories surged by nearly 20,000 mt, while downstream consumption remained soft, aluminum prices only hovered between RMB 15,860-15,890/mt despite lower selling interest among some cargo holders. Transactions were quiet in general.

Key Words:  South China   aluminum price 

South China Aluminum: Prices Fails to Rally, Transactions Quiet

SMM Insight 02:58:25PM Feb 20, 2012 Source:SMM

SHANGHAI, Feb. 20 (SMM) – The most active SHFE aluminum price failed to rise and struggled around moving averages. In South China, since inventories surged by nearly 20,000 mt, while downstream consumption remained soft, aluminum prices only hovered between RMB 15,860-15,890/mt despite lower selling interest among some cargo holders. Transactions were quiet in general.

Key Words:  South China   aluminum price