Home / Metal News / Precious Metals / East China Aluminum: Dealers Remain Bearish to Market Outlook
East China Aluminum: Dealers Remain Bearish to Market Outlook
Jun 14,2012 16:02CST
smm insight
Source:SMM
SHFE 1209 aluminum contract price moved up after opening lower at RMB 15,855/mt Thursday.

SHANGHAI, Jun. 14 (SMM) – SHFE 1209 aluminum contract price moved up after opening lower at RMB 15,855/mt Thursday and met resistance at the 5-day moving average. In the afternoon, mainstream prices moved down to RMB 15,870/mt. Spot aluminum ingot prices in Nanhai were at RMB 16,000-16,020/mt, down RMB 20/mt from the previous trading day. Cargo holders were active in selling ahead of delivery, but buying interest downstream did not improve significantly. Dealers were still not optimistic to market outlook.

aluminum price
South China aluminum
spot aluminum

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

MOST POPULAR
data analysis
data analysis
data analysis
data analysis
data analysis