South China Aluminum: Bullish Mood Abates, Dealers Actively Move Goods-Shanghai Metals Market

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South China Aluminum: Bullish Mood Abates, Dealers Actively Move Goods

SMM Insight 04:20:03PM May 07, 2012 Source:SMM

SHANGHAI, May 7 (SMM) – Both domestic commodities and global stock markets fell Monday due to the bleak global economy. Although SHFE aluminum prices remained relatively firm, the bullish mood in spot aluminum market abated. Cargo holders in South China move goods actively, while enterprises downstream were still cautious. Mainstream traded prices were lowered to between RMB 16,230-16,250/mt due to weak demand.

Key Words:  South China   aluminum price 

South China Aluminum: Bullish Mood Abates, Dealers Actively Move Goods

SMM Insight 04:20:03PM May 07, 2012 Source:SMM

SHANGHAI, May 7 (SMM) – Both domestic commodities and global stock markets fell Monday due to the bleak global economy. Although SHFE aluminum prices remained relatively firm, the bullish mood in spot aluminum market abated. Cargo holders in South China move goods actively, while enterprises downstream were still cautious. Mainstream traded prices were lowered to between RMB 16,230-16,250/mt due to weak demand.

Key Words:  South China   aluminum price