South China Aluminum: Transactions Improve with Buyers More Willing to Purchase at Low Prices-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Rare earths
  • Market commentary
  • Rare earth
  • Aluminium
  • Zinc
  • Copper
  • Macroeconomics
  • Sales data
  • MMi Iron Ore Port Index
  • Iron ore
  • precious metals
  • Nickel
  • Futures movement
  • Tin

South China Aluminum: Transactions Improve with Buyers More Willing to Purchase at Low Prices

SMM Insight 04:02:12PM May 23, 2012 Source:SMM

SHANGHAI, May 23 (SMM) – The most active SHFE aluminum contract price gapped lower Wednesday and hovered around RMB 16,000/mt. As a result, spot prices in South China fell sharply, with mainstream traded prices between RMB 16,090-16,120/mt. Some downstream enterprises and dealers were willing to purchase at low prices as a few sellers cut prices for sales. Transactions improved from the previous trading day.
 

Key Words:  aluminum price   South China 

South China Aluminum: Transactions Improve with Buyers More Willing to Purchase at Low Prices

SMM Insight 04:02:12PM May 23, 2012 Source:SMM

SHANGHAI, May 23 (SMM) – The most active SHFE aluminum contract price gapped lower Wednesday and hovered around RMB 16,000/mt. As a result, spot prices in South China fell sharply, with mainstream traded prices between RMB 16,090-16,120/mt. Some downstream enterprises and dealers were willing to purchase at low prices as a few sellers cut prices for sales. Transactions improved from the previous trading day.
 

Key Words:  aluminum price   South China