South China Aluminum: Prices Hard to Rise, Consumption Remains Quiet-Shanghai Metals Market

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South China Aluminum: Prices Hard to Rise, Consumption Remains Quiet

SMM Insight 04:54:16PM Feb 27, 2012 Source:SMM

SHANGHAI, Feb. 27 (SMM) – On Monday, the most active SHFE aluminum contract price lacked momentum to rebound and spot prices in South China only rose by RMB 10/mt, with mainstream transactions done at RMB 15,870-15,890/mt. Downstream consumption was still weak, while cargo holders were not willing to move goods at lower prices, leaving stalemate between buyers and sellers. Transactions remained modest as a result.

Key Words:  South China   aluminum price 

Price

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#1 Refined Cu
Apr.22
49450.0
20.0
(0.04%)
Yangshan Copper Premium(Bill of Lading)
Apr.22
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.22
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

South China Aluminum: Prices Hard to Rise, Consumption Remains Quiet

SMM Insight 04:54:16PM Feb 27, 2012 Source:SMM

SHANGHAI, Feb. 27 (SMM) – On Monday, the most active SHFE aluminum contract price lacked momentum to rebound and spot prices in South China only rose by RMB 10/mt, with mainstream transactions done at RMB 15,870-15,890/mt. Downstream consumption was still weak, while cargo holders were not willing to move goods at lower prices, leaving stalemate between buyers and sellers. Transactions remained modest as a result.

Key Words:  South China   aluminum price