South China Aluminum: Buying Interest Declines on Higher Prices-Shanghai Metals Market

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South China Aluminum: Buying Interest Declines on Higher Prices

SMM Insight 04:11:04PM May 25, 2012 Source:SMM

SHANGHAI, May 25 (SMM) – On Friday, the most active SHFE aluminum contract prices failed to rise above RMB 16,000/mt in the morning, depressing spot market. In South China, spot aluminum prices hovered around RMB 16,100/mt. Buyers downstream were not willing to purchase at high prices, while cargo holders were reluctant to sell at low prices, with both buyers and sellers staying out of the market. Replenishments were also limited ahead of the weekend.

Key Words:  aluminum price   South China 

South China Aluminum: Buying Interest Declines on Higher Prices

SMM Insight 04:11:04PM May 25, 2012 Source:SMM

SHANGHAI, May 25 (SMM) – On Friday, the most active SHFE aluminum contract prices failed to rise above RMB 16,000/mt in the morning, depressing spot market. In South China, spot aluminum prices hovered around RMB 16,100/mt. Buyers downstream were not willing to purchase at high prices, while cargo holders were reluctant to sell at low prices, with both buyers and sellers staying out of the market. Replenishments were also limited ahead of the weekend.

Key Words:  aluminum price   South China