South China Aluminum: Traders Active in Selling, Prices Struggle at RMB 16,000/mt-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Rare earths
  • Rare earth
  • Market commentary
  • Zinc
  • Iron ore
  • Aluminium
  • Sales data
  • Macroeconomics
  • MMi Iron Ore Port Index
  • Copper
  • Futures movement
  • precious metals
  • Evening comments
  • Stainless steel

South China Aluminum: Traders Active in Selling, Prices Struggle at RMB 16,000/mt

SMM Insight 05:17:41PM May 18, 2012 Source:SMM

SHANGHAI, May 18 (SMM) – SHFE 1208 aluminum contract price remained stable above the 5-day moving average Friday but failed to move higher due to a lack of upward momentum. Spot aluminum price in Nanhai were between RMB 16,160-16,180/mt, up RMB 30/mt from the previous trading day. Downstream buyers replenish stocks moderately ahead of the weekend, but transactions turned quiet with aluminum prices increasing. Spot prices in Shanghai market, compared with Nanhai market, did not show significant rise, causing the price difference between the two regions expanding to RMB 160/mt.

Key Words:  aluminum price   South China 

South China Aluminum: Traders Active in Selling, Prices Struggle at RMB 16,000/mt

SMM Insight 05:17:41PM May 18, 2012 Source:SMM

SHANGHAI, May 18 (SMM) – SHFE 1208 aluminum contract price remained stable above the 5-day moving average Friday but failed to move higher due to a lack of upward momentum. Spot aluminum price in Nanhai were between RMB 16,160-16,180/mt, up RMB 30/mt from the previous trading day. Downstream buyers replenish stocks moderately ahead of the weekend, but transactions turned quiet with aluminum prices increasing. Spot prices in Shanghai market, compared with Nanhai market, did not show significant rise, causing the price difference between the two regions expanding to RMB 160/mt.

Key Words:  aluminum price   South China