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Home / Metal News / Copper / South China Aluminum: Wait-and-See Sentiment Prevails with Weak Futures and Stable Spot Prices
South China Aluminum: Wait-and-See Sentiment Prevails with Weak Futures and Stable Spot Prices
Mar 19,2012 16:34
CSTsmm insight
Source:SMM
SHFE 1205 aluminum contract price hovered between RMB 16,145-16,175/mt after opening at RMB 16,145/mt on Monday.
SHANGHAI, Mar. 19 – SHFE 1205 aluminum contract price hovered between RMB 16,145-16,175/mt after opening at RMB 16,145/mt on Monday, and traded volumes were only 4,394 lots. Spot prices in Nanhai were between RMB 15,970-15,990/mt, and most traders held prices at RMB 15,980-15,990/mt, with only a few transactions done at RMB 15,970/mt. Spot aluminum prices stabilized, and the SHFE current month aluminum price fell on Monday. Most downstream buyers only stayed out of the market, leaving transactions quiet.
South China
aluminum price
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