Home / Metal News / Copper / South China Aluminum: Futures Prices Rise Slightly, Consumption Remains Steady
South China Aluminum: Futures Prices Rise Slightly, Consumption Remains Steady
Apr 20,2012 17:52CST
smm insight
Source:SMM
SHFE aluminum 1207 contract prices opened at RMB 16,090/mt on Friday and dipped to RMB 16,060/mt.

SHANGHAI, Apr. 20 (SMM) – SHFE aluminum 1207 contract prices opened at RMB 16,090/mt on Friday and dipped to RMB 16,060/mt. As the rising Shanghai Stock Exchange Composite Index shored up market confidence, SHFE aluminum prices surged to an intraday high of RMB 16,110/mt. Spot prices in Nanhai were between RMB 16,050-16,070/mt. Traders reported stable sales recently, and modest demand for replenishment was reported ahead of the weekend. However, with limited goods arrived, inventories of traders decreased. Trading market did not show significant changes on the whole.

East China
aluminum prices

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