South China Aluminum: Transactions Remain Modest-Shanghai Metals Market

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South China Aluminum: Transactions Remain Modest

SMM Insight 05:23:12PM May 29, 2012 Source:SMM

SHANGHAI, May 29 (SMM) – The most active SHFE aluminum price failed to rise up due to a lack of upward momentum. In South China, buying interest remained low by month’s end, but cargo holders were eager to sell due to cash needs. Mainstream traded prices were between RMB 16,120-16,140/mt and transactions were quiet.

Key Words:  aluminum price   South China 

South China Aluminum: Transactions Remain Modest

SMM Insight 05:23:12PM May 29, 2012 Source:SMM

SHANGHAI, May 29 (SMM) – The most active SHFE aluminum price failed to rise up due to a lack of upward momentum. In South China, buying interest remained low by month’s end, but cargo holders were eager to sell due to cash needs. Mainstream traded prices were between RMB 16,120-16,140/mt and transactions were quiet.

Key Words:  aluminum price   South China