South China Aluminum: Trading Improves, Prices Resistant to Declines

SMM Insight 03:43:50PM Jun 01, 2012 Source:SMM

SHANGHAI, Jun. 1 (SMM) – The most active SHFE aluminum contract price was resilient Friday, but met strong resistance at the RMB 16,000/mt. Spot market in Guangdong remained stable, but a few traders bought goods at higher prices, driving market quotations up, with mainstream traded prices between RMB 16,070-16,100/mt. Transactions improved slightly early in the month.

Key Words:  aluminum price   South China 

South China Aluminum: Trading Improves, Prices Resistant to Declines

SMM Insight 03:43:50PM Jun 01, 2012 Source:SMM

SHANGHAI, Jun. 1 (SMM) – The most active SHFE aluminum contract price was resilient Friday, but met strong resistance at the RMB 16,000/mt. Spot market in Guangdong remained stable, but a few traders bought goods at higher prices, driving market quotations up, with mainstream traded prices between RMB 16,070-16,100/mt. Transactions improved slightly early in the month.

Key Words:  aluminum price   South China