South China Aluminum: Prices Stabilize on Limited Supply-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Zinc
  • Futures movement
  • Aluminium
  • Nickel
  • Copper
  • In the United States
  • nickel laterite
  • Morning comments
  • Nickel ore
  • NPI
  • Market commentary

South China Aluminum: Prices Stabilize on Limited Supply

SMM Insight 04:02:10PM May 08, 2012 Source:SMM

SHANGHAI, May 8 (SMM) – The most active SHFE aluminum contract price met resistance at RMB 16,300/mt Tuesday, and investors in spot market remained cautions. However, with fewer goods arriving in South China due to the transporting problem, cargo holders were reluctant to move goods, helping support spot aluminum prices to stabilize within the RMB 16,230-16,250/mt range, with premiums of RMB 100/mt over aluminum price in Shanghai. Transactions turned modest with scarce purchases by enterprises downstream.
 

Key Words:  aluminum price   South China 

South China Aluminum: Prices Stabilize on Limited Supply

SMM Insight 04:02:10PM May 08, 2012 Source:SMM

SHANGHAI, May 8 (SMM) – The most active SHFE aluminum contract price met resistance at RMB 16,300/mt Tuesday, and investors in spot market remained cautions. However, with fewer goods arriving in South China due to the transporting problem, cargo holders were reluctant to move goods, helping support spot aluminum prices to stabilize within the RMB 16,230-16,250/mt range, with premiums of RMB 100/mt over aluminum price in Shanghai. Transactions turned modest with scarce purchases by enterprises downstream.
 

Key Words:  aluminum price   South China