South China Aluminum: Futures Prices Fall after Climb Initially-Shanghai Metals Market

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South China Aluminum: Futures Prices Fall after Climb Initially

SMM Insight 04:52:27PM Jun 07, 2012 Source:SMM

SHANGHAI, Jun. 7 (SMM) – On Thursday, SHFE aluminum prices edged up in the morning, promoting buying interest in spot market, with mainstream traded prices between RMB 16,090/mt. In the afternoon, however, SHFE aluminum prices fell, and purchases downstream cooled down accordingly. Thus, spot prices dropped to RMB 16,070/mt. Buyers downstream were not actively purchasing despite low prices, causing transactions to turn modest.

Key Words:  spot aluminum   aluminum price 

South China Aluminum: Futures Prices Fall after Climb Initially

SMM Insight 04:52:27PM Jun 07, 2012 Source:SMM

SHANGHAI, Jun. 7 (SMM) – On Thursday, SHFE aluminum prices edged up in the morning, promoting buying interest in spot market, with mainstream traded prices between RMB 16,090/mt. In the afternoon, however, SHFE aluminum prices fell, and purchases downstream cooled down accordingly. Thus, spot prices dropped to RMB 16,070/mt. Buyers downstream were not actively purchasing despite low prices, causing transactions to turn modest.

Key Words:  spot aluminum   aluminum price