South China Aluminum: Poor Transactions Disappoint Dealer Confidence

SMM Insight 05:58:34PM Jun 15, 2012 Source:SMM

SHANGHAI, Jun. 15 (SMM) – The most active SHFE aluminum price moved up to nearly RMB 15,880/mt on Friday. In South China, transactions were disappointing against sufficient spot aluminum supply. Mainstream traded price in Nanhai were between RMB 16,000-16,020/mt. Some downstream buyers have completed replenishments on Thursday, leaving buying interest low today. Dealers reflected sales in South China this week slipped from a week ago. The poor transactions left dealers still bearish on market outlook.

Key Words:  aluminum price   spot aluminum 

South China Aluminum: Poor Transactions Disappoint Dealer Confidence

SMM Insight 05:58:34PM Jun 15, 2012 Source:SMM

SHANGHAI, Jun. 15 (SMM) – The most active SHFE aluminum price moved up to nearly RMB 15,880/mt on Friday. In South China, transactions were disappointing against sufficient spot aluminum supply. Mainstream traded price in Nanhai were between RMB 16,000-16,020/mt. Some downstream buyers have completed replenishments on Thursday, leaving buying interest low today. Dealers reflected sales in South China this week slipped from a week ago. The poor transactions left dealers still bearish on market outlook.

Key Words:  aluminum price   spot aluminum