South China Aluminum: Aluminum Prices Stable, Spot Trading Light-Shanghai Metals Market

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South China Aluminum: Aluminum Prices Stable, Spot Trading Light

SMM Insight 04:07:45PM Aug 09, 2012 Source:SMM

SHANGHAI, Aug. 9 (SMM) – SHFE aluminum’s gains were limited, but the most active SHFE aluminum contract stabilized at RMB 15,400/mt on August 9. As a result, bearish sentiment was alleviated, supporting spot aluminum prices to stay firm at RMB 15,440-15,460/mt. Cargo holders were actively moving goods, but buying interest was low among downstream processors, leaving overall trading quiet.
 

Key Words:  spot aluminum   South China 

South China Aluminum: Aluminum Prices Stable, Spot Trading Light

SMM Insight 04:07:45PM Aug 09, 2012 Source:SMM

SHANGHAI, Aug. 9 (SMM) – SHFE aluminum’s gains were limited, but the most active SHFE aluminum contract stabilized at RMB 15,400/mt on August 9. As a result, bearish sentiment was alleviated, supporting spot aluminum prices to stay firm at RMB 15,440-15,460/mt. Cargo holders were actively moving goods, but buying interest was low among downstream processors, leaving overall trading quiet.
 

Key Words:  spot aluminum   South China