Home / Metal News / South China Aluminum: Buying Interest Low, Spot Trading Wanes During Afternoon Session

South China Aluminum: Buying Interest Low, Spot Trading Wanes During Afternoon Session

iconAug 10, 2012 14:40
Source:SMM
The most active SHFE aluminum contract fell after a high open on August 10 and was vulnerable at RMB 15,400/mt, dampening confidence in spot aluminum markets in south China.

SHANGHAI, Aug. 10 (SMM) – The most active SHFE aluminum contract fell after a high open on August 10 and was vulnerable at RMB 15,400/mt, dampening confidence in spot aluminum markets in south China. Cargo holders were actively moving goods, but downstream buying interest was low before the weekend, dragging traded prices to RMB 15,430-15,450/mt, flat at prices in Shanghai market. Trading waned after midday.
 

spot aluminum
south China

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All