South China Aluminum: Sellers Actively Moving Goods with Prices Falling-Shanghai Metals Market

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South China Aluminum: Sellers Actively Moving Goods with Prices Falling

SMM Insight 04:52:38PM Jun 04, 2012 Source:SMM

SHANGHAI, Jun. 4 (SMM) – The most active SHFE aluminum contract price opened lower on Monday and met resistance to rise up, dragging down spot prices in South China. Enterprises downstream limited purchases on bearish outlook, while cargo holders were moving goods actively, leaving traded prices in spot market down below RMB 16,000/mt. Mainstream traded prices were between RMB 16,000-16,040/mt and trading remained light.
 

Key Words:  aluminum price   South China 

South China Aluminum: Sellers Actively Moving Goods with Prices Falling

SMM Insight 04:52:38PM Jun 04, 2012 Source:SMM

SHANGHAI, Jun. 4 (SMM) – The most active SHFE aluminum contract price opened lower on Monday and met resistance to rise up, dragging down spot prices in South China. Enterprises downstream limited purchases on bearish outlook, while cargo holders were moving goods actively, leaving traded prices in spot market down below RMB 16,000/mt. Mainstream traded prices were between RMB 16,000-16,040/mt and trading remained light.
 

Key Words:  aluminum price   South China