South China Aluminum: Low Buying Interest Leaves Transactions Muted-Shanghai Metals Market

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South China Aluminum: Low Buying Interest Leaves Transactions Muted

SMM Insight 03:04:40PM Jun 21, 2012 Source:SMM

SHANGHAI, Jun. 21 (SMM) – On Thursday, SHFE aluminum prices remained relatively sticky in the morning but dropped in the afternoon, rekindled wait-and-see sentiments in the market. In South China, mainstream traded prices were between RMB 15,850-15,880/mt. Buying interest at downstream enterprises remained low. Supply in the market was sufficient although some cargo holders reduced sales, leaving transactions quiet.

Key Words:  aluminum price   spot aluminum 

South China Aluminum: Low Buying Interest Leaves Transactions Muted

SMM Insight 03:04:40PM Jun 21, 2012 Source:SMM

SHANGHAI, Jun. 21 (SMM) – On Thursday, SHFE aluminum prices remained relatively sticky in the morning but dropped in the afternoon, rekindled wait-and-see sentiments in the market. In South China, mainstream traded prices were between RMB 15,850-15,880/mt. Buying interest at downstream enterprises remained low. Supply in the market was sufficient although some cargo holders reduced sales, leaving transactions quiet.

Key Words:  aluminum price   spot aluminum