South China Aluminum: Aluminum Prices Remain High, Buyers Purchase Based on Needs-Shanghai Metals Market

Hot Keywords

  • Rare earth
  • Aluminium
  • Sales data
  • Customs data
  • Macroeconomics
  • Copper
  • Inventory data
  • MMi Iron Ore Port Index
  • precious metals
  • Futures movement
  • Zinc
  • Rare earths
  • Market commentary
  • Evening comments
  • Tin

South China Aluminum: Aluminum Prices Remain High, Buyers Purchase Based on Needs

SMM Insight 04:18:49PM May 03, 2012 Source:SMM

SHANGHAI, May 3 (SMM) – The most active SHFE aluminum price moved up to test the 60-day moving average Thursday. Spot prices in South China continued to rise on bullish outlook among cargo holders, with quotations firm between RMB 16,240-16,260/mt. However, downstream buyers were cautious and only purchased on an as-needed basis. In the afternoon, transactions turned quiet with SHFE aluminum prices rolling back previous gains.

Key Words:  aluminum price   South China 

South China Aluminum: Aluminum Prices Remain High, Buyers Purchase Based on Needs

SMM Insight 04:18:49PM May 03, 2012 Source:SMM

SHANGHAI, May 3 (SMM) – The most active SHFE aluminum price moved up to test the 60-day moving average Thursday. Spot prices in South China continued to rise on bullish outlook among cargo holders, with quotations firm between RMB 16,240-16,260/mt. However, downstream buyers were cautious and only purchased on an as-needed basis. In the afternoon, transactions turned quiet with SHFE aluminum prices rolling back previous gains.

Key Words:  aluminum price   South China