South China Aluminum: Trading Sentiment Low at Month End

SMM Insight 10:02:49AM Jun 30, 2012 Source:SMM

SHANGHAI, Jun. 29 (SMM) – SHFE aluminum price rose along with other metals Friday but failed to boost spot aluminum market. Cargo holders in South China were actively moving goods, but downstream buyers rarely inquired due to tight cash flow on the final trading day of the month. A few buyers only purchased after counter offers. Traded prices were dragged down as a result to RMB 15,510-15,560/mt. Transactions were quite limited on the whole.

Key Words:  aluminum price   spot aluminum 

South China Aluminum: Trading Sentiment Low at Month End

SMM Insight 10:02:49AM Jun 30, 2012 Source:SMM

SHANGHAI, Jun. 29 (SMM) – SHFE aluminum price rose along with other metals Friday but failed to boost spot aluminum market. Cargo holders in South China were actively moving goods, but downstream buyers rarely inquired due to tight cash flow on the final trading day of the month. A few buyers only purchased after counter offers. Traded prices were dragged down as a result to RMB 15,510-15,560/mt. Transactions were quite limited on the whole.

Key Words:  aluminum price   spot aluminum