South China Aluminum: Selling Interest High, Trading Light-Shanghai Metals Market

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South China Aluminum: Selling Interest High, Trading Light

SMM Insight 04:05:50PM Jul 26, 2012 Source:SMM

SHANGHAI, Jul. 26 (SMM) – The most active SHFE aluminum gained the most among all base metals, albeit mildly on July 26, helping spot aluminum in South China to climb to RMB 15,360-15,380/mt. Cargo holders were eager to move goods as the month ends, but downstream buying interest remained low. Deals were rarely done at higher prices. Overall trading was light.
 

South China Aluminum: Selling Interest High, Trading Light

SMM Insight 04:05:50PM Jul 26, 2012 Source:SMM

SHANGHAI, Jul. 26 (SMM) – The most active SHFE aluminum gained the most among all base metals, albeit mildly on July 26, helping spot aluminum in South China to climb to RMB 15,360-15,380/mt. Cargo holders were eager to move goods as the month ends, but downstream buying interest remained low. Deals were rarely done at higher prices. Overall trading was light.