South China Aluminum: Trading Becomes Quieter with Spot Prices Remaining Firm-Shanghai Metals Market

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South China Aluminum: Trading Becomes Quieter with Spot Prices Remaining Firm

SMM Insight 04:25:24PM May 17, 2012 Source:SMM

SHANGHAI, May 17 (SMM) – On Thursday, the rebound of Shanghai index drove SHFE 1208 aluminum prices to increase after opening lower and to fluctuate above the RMB 16,000/mt. Spot aluminum prices in Nanhai were between RMB 16,130-16,150/mt. The decline of inventories in Nanhai was due mainly to fewer arrivals, and consumption downstream did not improve, further dampening transactions in spot market.

Key Words:  aluminum price   South China 

South China Aluminum: Trading Becomes Quieter with Spot Prices Remaining Firm

SMM Insight 04:25:24PM May 17, 2012 Source:SMM

SHANGHAI, May 17 (SMM) – On Thursday, the rebound of Shanghai index drove SHFE 1208 aluminum prices to increase after opening lower and to fluctuate above the RMB 16,000/mt. Spot aluminum prices in Nanhai were between RMB 16,130-16,150/mt. The decline of inventories in Nanhai was due mainly to fewer arrivals, and consumption downstream did not improve, further dampening transactions in spot market.

Key Words:  aluminum price   South China