South China Aluminum: Buyers on The Sidelines, Trading Quiet-Shanghai Metals Market

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South China Aluminum: Buyers on The Sidelines, Trading Quiet

SMM Insight 05:22:11PM Jul 16, 2012 Source:SMM

SHANGHAI, Jul. 16 (SMM) – SHFE aluminum prices failed to rise further after opening higher on Monday and surrendered earlier gains, depressing spot aluminum market. In Guangdong, upward room for spot aluminum prices was limited, leaving mainstream traded prices between RMB 15,460-15,480/mt. Downstream buyers held a wait-and-see attitude, with limited deals done.
 

Key Words:  aluminum price   spot aluminum 

South China Aluminum: Buyers on The Sidelines, Trading Quiet

SMM Insight 05:22:11PM Jul 16, 2012 Source:SMM

SHANGHAI, Jul. 16 (SMM) – SHFE aluminum prices failed to rise further after opening higher on Monday and surrendered earlier gains, depressing spot aluminum market. In Guangdong, upward room for spot aluminum prices was limited, leaving mainstream traded prices between RMB 15,460-15,480/mt. Downstream buyers held a wait-and-see attitude, with limited deals done.
 

Key Words:  aluminum price   spot aluminum