South China Aluminum: Sellers Reluctant to Move Goods, Buying Interest Remains Low-Shanghai Metals Market

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South China Aluminum: Sellers Reluctant to Move Goods, Buying Interest Remains Low

SMM Insight 05:02:10PM May 30, 2012 Source:SMM

SHANGHAI, May 30 (SMM) – On Wednesday, the most active SHFE aluminum contract price hovered at RMB 16,000/mt due to weak domestic consumption and intensified European debt crisis. Spot aluminum prices in South China fell to RMB 16,090-16,110/mt. Although cargo holders were unwilling to move goods at low prices, buying interest downstream was lower, leaving transactions extremely quiet at the end of the month.

Key Words:  aluminum price   South China 

South China Aluminum: Sellers Reluctant to Move Goods, Buying Interest Remains Low

SMM Insight 05:02:10PM May 30, 2012 Source:SMM

SHANGHAI, May 30 (SMM) – On Wednesday, the most active SHFE aluminum contract price hovered at RMB 16,000/mt due to weak domestic consumption and intensified European debt crisis. Spot aluminum prices in South China fell to RMB 16,090-16,110/mt. Although cargo holders were unwilling to move goods at low prices, buying interest downstream was lower, leaving transactions extremely quiet at the end of the month.

Key Words:  aluminum price   South China