South China Aluminum: Downstream Buying Interest Low-Shanghai Metals Market

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South China Aluminum: Downstream Buying Interest Low

SMM Insight 04:00:13PM Jul 18, 2012 Source:SMM

SHANGHAI, Jul. 18 (SMM) – On Wednesday, market sentiment was depressed by weak SHFE aluminum prices. In South China, goods holders in spot aluminum market were actively moving goods with mainstream transactions concluded between RMB 15,420-15,440/mt. Downstream buying interest was low, only some middlemen bought goods at lower prices, leading to slower declines in spot aluminum market in South China compared with East China, but trading still saw no improvement.
 

Key Words:  aluminum price   spot aluminum 

South China Aluminum: Downstream Buying Interest Low

SMM Insight 04:00:13PM Jul 18, 2012 Source:SMM

SHANGHAI, Jul. 18 (SMM) – On Wednesday, market sentiment was depressed by weak SHFE aluminum prices. In South China, goods holders in spot aluminum market were actively moving goods with mainstream transactions concluded between RMB 15,420-15,440/mt. Downstream buying interest was low, only some middlemen bought goods at lower prices, leading to slower declines in spot aluminum market in South China compared with East China, but trading still saw no improvement.
 

Key Words:  aluminum price   spot aluminum