South China Aluminum: Spot Prices Rise Slightly, Downstream Buyers Remain Bearish-Shanghai Metals Market

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South China Aluminum: Spot Prices Rise Slightly, Downstream Buyers Remain Bearish

SMM Insight 03:53:52PM May 16, 2012 Source:SMM

SHANGHAI, May 16 (SMM) – The most active SHFE aluminum contract price met resistance at RMB 16,000/mt due to a lack of upward momentum Wednesday. In South China, spot prices moved up to RMB 16,130-16,150/mt, but downstream buyers remained bearish and only purchased on an as-needed basis. Transactions were modest due to supply surplus.

Key Words:  aluminum price   South China 

South China Aluminum: Spot Prices Rise Slightly, Downstream Buyers Remain Bearish

SMM Insight 03:53:52PM May 16, 2012 Source:SMM

SHANGHAI, May 16 (SMM) – The most active SHFE aluminum contract price met resistance at RMB 16,000/mt due to a lack of upward momentum Wednesday. In South China, spot prices moved up to RMB 16,130-16,150/mt, but downstream buyers remained bearish and only purchased on an as-needed basis. Transactions were modest due to supply surplus.

Key Words:  aluminum price   South China