South China Aluminum: Sellers Reluctant to Move Goods at Low Prices

SMM Insight 03:46:32PM Jun 13, 2012 Source:SMM

SHANGHAI, Jun. 13 (SMM) – The most active SHFE aluminum contract price tested the 5-day moving average on Wednesday, and sellers were less willing to move goods at low prices. In South China, mainstream traded prices in spot aluminum market were between RMB 16,020-16,040/mt. Buying interest downstream remained low, so transactions were still weak, and market remains bearish.

South China Aluminum: Sellers Reluctant to Move Goods at Low Prices

SMM Insight 03:46:32PM Jun 13, 2012 Source:SMM

SHANGHAI, Jun. 13 (SMM) – The most active SHFE aluminum contract price tested the 5-day moving average on Wednesday, and sellers were less willing to move goods at low prices. In South China, mainstream traded prices in spot aluminum market were between RMB 16,020-16,040/mt. Buying interest downstream remained low, so transactions were still weak, and market remains bearish.