South China Aluminum: Futures Market Not Optimistic, Spot Prices Fall Slightly -Shanghai Metals Market

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South China Aluminum: Futures Market Not Optimistic, Spot Prices Fall Slightly

SMM Insight 03:42:36PM Jun 06, 2012 Source:SMM

SHANGHAI, Jun. 6 (SMM) – SHFE 1209 aluminum contract price opened at RMB 15,955/mt and fell to RMB 15,900/mt Wednesday. Spot prices in Nanhai were between RMB 16,030-16,050/mt, with market improving slightly. Some dealers were still not willing to move goods and waited on the sidelines. Although spot prices were down RMB 30/mt, downstream buyers still purchased as needed. Market players remained pessimistic to market outlook.
 

Key Words:  aluminum price   South China 

South China Aluminum: Futures Market Not Optimistic, Spot Prices Fall Slightly

SMM Insight 03:42:36PM Jun 06, 2012 Source:SMM

SHANGHAI, Jun. 6 (SMM) – SHFE 1209 aluminum contract price opened at RMB 15,955/mt and fell to RMB 15,900/mt Wednesday. Spot prices in Nanhai were between RMB 16,030-16,050/mt, with market improving slightly. Some dealers were still not willing to move goods and waited on the sidelines. Although spot prices were down RMB 30/mt, downstream buyers still purchased as needed. Market players remained pessimistic to market outlook.
 

Key Words:  aluminum price   South China