South China Aluminum: Transactions Limited with Sellers and Buyers Staying Out of Market -Shanghai Metals Market

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South China Aluminum: Transactions Limited with Sellers and Buyers Staying Out of Market

SMM Insight 01:50:34PM May 09, 2012 Source:SMM

SHANGHAI, May 9 (SMM) – SHFE aluminum prices continued to drop for the third day below RMB 16,200/mt Wednesday. Although spot prices in South China were relatively resilient due to the decreasing inventories, enterprises downstream were not willing to purchase on bearish sentiment, with mainstream transactions made between RMB 16,190-16,210/mt. Trading was light as sellers and buyers both stayed out of the market.

Key Words:  aluminum price   South China 

South China Aluminum: Transactions Limited with Sellers and Buyers Staying Out of Market

SMM Insight 01:50:34PM May 09, 2012 Source:SMM

SHANGHAI, May 9 (SMM) – SHFE aluminum prices continued to drop for the third day below RMB 16,200/mt Wednesday. Although spot prices in South China were relatively resilient due to the decreasing inventories, enterprises downstream were not willing to purchase on bearish sentiment, with mainstream transactions made between RMB 16,190-16,210/mt. Trading was light as sellers and buyers both stayed out of the market.

Key Words:  aluminum price   South China