Home / Metal News / Copper / South China Aluminum: Aluminum Prices Down with Some Sellers Lowering Prices for Cash
South China Aluminum: Aluminum Prices Down with Some Sellers Lowering Prices for Cash
Apr 12,2012 15:51CST
smm insight
Source:SMM
SHFE aluminum prices moved up on Thursday.

SHANGHAI, Apr. 12 (SMM) – SHFE aluminum prices moved up on Thursday, but given low buying interest in spot market and with the approach of delivery day, most cargo holders quoted with premiums over the SHFE aluminum price. At midday, mainstream transactions were done at RMB 16,000/mt. In the afternoon, SHFE aluminum prices rose further, but some cargo holders eager for cash offered below RMB 16,000/mt, with the lowest quotations hitting RMB 15,980/mt. As most downstream buyers have completed purchases, trading turned quiet.

SHFE aluminum
South China

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news