South China Aluminum: Aluminum Market Remains Modest with Prices Stabilizing-Shanghai Metals Market

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South China Aluminum: Aluminum Market Remains Modest with Prices Stabilizing

SMM Insight 05:43:32PM Jun 11, 2012 Source:SMM

SHANGHAI, Jun. 11 (SMM) – SHFE aluminum prices fell after rising initially on Monday, with strong resistance at the 10-day moving average. In spot aluminum market in South China, mainstream traded prices were between RMB 16,040-16,060/mt. Transactions were modest as supply was sufficient while buyers only purchased as needed.

Key Words:  SHFE aluminum   spot aluminum  

South China Aluminum: Aluminum Market Remains Modest with Prices Stabilizing

SMM Insight 05:43:32PM Jun 11, 2012 Source:SMM

SHANGHAI, Jun. 11 (SMM) – SHFE aluminum prices fell after rising initially on Monday, with strong resistance at the 10-day moving average. In spot aluminum market in South China, mainstream traded prices were between RMB 16,040-16,060/mt. Transactions were modest as supply was sufficient while buyers only purchased as needed.

Key Words:  SHFE aluminum   spot aluminum