South China Aluminum: Spot Trading Light, High-priced Goods Unpopular-Shanghai Metals Market

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South China Aluminum: Spot Trading Light, High-priced Goods Unpopular

SMM Insight 04:20:18PM Jul 27, 2012 Source:SMM

SHANGHAI, Jul. 27 (SMM) – The most active SHFE aluminum opened higher and continued to rise to RMB 15,400/mt on July 27, helping spot aluminum in South China to climb to RMB 15,440-15,460/mt. Cargo holders were eager to move goods as the month ends, but downstream buying was inactive before the weekend. Deals were rarely done at higher prices.
 

South China Aluminum: Spot Trading Light, High-priced Goods Unpopular

SMM Insight 04:20:18PM Jul 27, 2012 Source:SMM

SHANGHAI, Jul. 27 (SMM) – The most active SHFE aluminum opened higher and continued to rise to RMB 15,400/mt on July 27, helping spot aluminum in South China to climb to RMB 15,440-15,460/mt. Cargo holders were eager to move goods as the month ends, but downstream buying was inactive before the weekend. Deals were rarely done at higher prices.