South China Aluminum: Transactions Quiet, Traded Prices Down -Shanghai Metals Market

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South China Aluminum: Transactions Quiet, Traded Prices Down

SMM Insight 03:54:25PM Jul 03, 2012 Source:SMM

SHANGHAI, Jul. 3 (SMM) – The most active SHFE aluminum price tested RMB 15,500/mt on Tuesday but spot aluminum prices remained sluggish. Although consumption downstream improved slightly compared with late June, the rises were limited, dampening market sentiment. Goods holders lowered quotations for sales with mainstream transactions done between RMB 15,580-15,620/mt. Purchases downstream were still sparse, leaving transactions quiet.
 

Key Words:  aluminum price   spot aluminum 

South China Aluminum: Transactions Quiet, Traded Prices Down

SMM Insight 03:54:25PM Jul 03, 2012 Source:SMM

SHANGHAI, Jul. 3 (SMM) – The most active SHFE aluminum price tested RMB 15,500/mt on Tuesday but spot aluminum prices remained sluggish. Although consumption downstream improved slightly compared with late June, the rises were limited, dampening market sentiment. Goods holders lowered quotations for sales with mainstream transactions done between RMB 15,580-15,620/mt. Purchases downstream were still sparse, leaving transactions quiet.
 

Key Words:  aluminum price   spot aluminum