South China Aluminum: Market Confidence Depressed with Strong Wait-and-see Mood-Shanghai Metals Market

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South China Aluminum: Market Confidence Depressed with Strong Wait-and-see Mood

SMM Insight 03:39:50PM Feb 23, 2012 Source:SMM

SHANGHAI, Feb. 23 (SMM) – On Thursday, SHFE aluminum prices fell after opening higher, depressing confidence in spot markets. In South China, transactions were scarce and downstream buyers were not willing to purchase. Spot prices struggled at RMB 15,870-15,890/mt. In the afternoon, futures prices fell further, both buyers and sellers stayed out of the market, with few deals done.

Key Words:  South China   aluminum price 

Price

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#1 Refined Cu
Apr.25
49250.0
205.0
(0.42%)
Standard-Grade Copper
Apr.25
49200.0
200.0
(0.41%)
High-Grade Copper
Apr.25
49300.0
210.0
(0.43%)
Guixi copper
Apr.25
49305.0
205.0
(0.42%)
Low-quality copper
Apr.25
49150.0
210.0
(0.43%)

South China Aluminum: Market Confidence Depressed with Strong Wait-and-see Mood

SMM Insight 03:39:50PM Feb 23, 2012 Source:SMM

SHANGHAI, Feb. 23 (SMM) – On Thursday, SHFE aluminum prices fell after opening higher, depressing confidence in spot markets. In South China, transactions were scarce and downstream buyers were not willing to purchase. Spot prices struggled at RMB 15,870-15,890/mt. In the afternoon, futures prices fell further, both buyers and sellers stayed out of the market, with few deals done.

Key Words:  South China   aluminum price