South China Aluminum: Buying Interest Low, Spot Trading Wanes During Afternoon Session-Shanghai Metals Market

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

SMM Insight 02:40:52PM Aug 10, 2012 Source:SMM

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.
 

Key Words:  spot aluminum   south China 

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

SMM Insight 02:40:52PM Aug 10, 2012 Source:SMM

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.
 

Key Words:  spot aluminum   south China