South China Aluminum: Buyers Dominate Market and Purchase at Low Prices-Shanghai Metals Market

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South China Aluminum: Buyers Dominate Market and Purchase at Low Prices

SMM Insight 05:22:11PM Jul 05, 2012 Source:SMM

SHANGHAI, Jul. 5 (SMM) – SHFE aluminum prices rose and tested RMB 15,800/mt on Thursday. In South China market, however, spot aluminum consumption remained sluggish and market was dominated by buyers, causing spot aluminum prices failed to rise along with futures with mainstream traded prices between RMB 15,660-15,700/mt, still lower than spot aluminum prices in Shanghai market. Goods holders were actively selling goods but downstream buyers only purchased at low prices, leaving higher prices somewhat meaningless without a market and transactions modest.

Key Words:  aluminum price   spot aluminum 

South China Aluminum: Buyers Dominate Market and Purchase at Low Prices

SMM Insight 05:22:11PM Jul 05, 2012 Source:SMM

SHANGHAI, Jul. 5 (SMM) – SHFE aluminum prices rose and tested RMB 15,800/mt on Thursday. In South China market, however, spot aluminum consumption remained sluggish and market was dominated by buyers, causing spot aluminum prices failed to rise along with futures with mainstream traded prices between RMB 15,660-15,700/mt, still lower than spot aluminum prices in Shanghai market. Goods holders were actively selling goods but downstream buyers only purchased at low prices, leaving higher prices somewhat meaningless without a market and transactions modest.

Key Words:  aluminum price   spot aluminum