South China Aluminum: Spot Prices in South China Lower Than Prices in Shanghai Market-Shanghai Metals Market

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South China Aluminum: Spot Prices in South China Lower Than Prices in Shanghai Market

SMM Insight 03:23:29PM Jul 04, 2012 Source:SMM

SHANGHAI, Jul. 4 (SMM) – The most active SHFE aluminum price met resistance to rise after gapping higher Wednesday, so spot aluminum prices in South China failed to increase along with futures. Goods holders moved goods actively but buying interest was depressed, causing mainstream traded prices sinking to RMB 15,670-15,700/mt/mt, lower than spot prices in Shanghai market. Transactions were extremely quiet.

Key Words:  spot aluminum   aluminum price 

South China Aluminum: Spot Prices in South China Lower Than Prices in Shanghai Market

SMM Insight 03:23:29PM Jul 04, 2012 Source:SMM

SHANGHAI, Jul. 4 (SMM) – The most active SHFE aluminum price met resistance to rise after gapping higher Wednesday, so spot aluminum prices in South China failed to increase along with futures. Goods holders moved goods actively but buying interest was depressed, causing mainstream traded prices sinking to RMB 15,670-15,700/mt/mt, lower than spot prices in Shanghai market. Transactions were extremely quiet.

Key Words:  spot aluminum   aluminum price