South China Aluminum: Transactions Turn Modest with Replenishments Completed -Shanghai Metals Market

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South China Aluminum: Transactions Turn Modest with Replenishments Completed

SMM Insight 06:29:58PM Jun 08, 2012 Source:SMM

SHANGHAI, Jun. 8 (SMM) – The most active SHFE aluminum price opened lower and fell on Friday with resistance at RMB 15,900/mt. Spot aluminum prices in South China was little influenced by interest rate cuts and fell along with SHFE aluminum prices, with mainstream traded prices between RMB 16,050-16,060/mt. In the afternoon, buying interest downstream cooled down and several cargo holders lowered quotations to RMB 16,040/mt but failed to improve sales. The overall transactions increased slightly due to replenishments ahead of weekend.
 

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SMM #1 Nickel
Oct.11
136400.0
-400.0
(-0.29%)
#1 JinChuan Nickel
Oct.11
136500.0
-400.0
(-0.29%)
#1 Import Nickel
Oct.11
136300.0
-450.0
(-0.33%)
JinChuan B&C
Oct.11
650.0
0.0
(0.00%)
Russian nickel premium
Oct.11
450.0
0.0
(0.00%)

South China Aluminum: Transactions Turn Modest with Replenishments Completed

SMM Insight 06:29:58PM Jun 08, 2012 Source:SMM

SHANGHAI, Jun. 8 (SMM) – The most active SHFE aluminum price opened lower and fell on Friday with resistance at RMB 15,900/mt. Spot aluminum prices in South China was little influenced by interest rate cuts and fell along with SHFE aluminum prices, with mainstream traded prices between RMB 16,050-16,060/mt. In the afternoon, buying interest downstream cooled down and several cargo holders lowered quotations to RMB 16,040/mt but failed to improve sales. The overall transactions increased slightly due to replenishments ahead of weekend.