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South China Aluminum: Spot Trading Thin on Limited Purchases
Oct 9, 2012 14:24Source:SMM
The most active SHFE aluminum contract failed to rise along with other base metals, dampening market confidence.
SHANGHAI, Oct. 9 (SMM) – The most active SHFE aluminum contract failed to rise along with other base metals, dampening market confidence. Spot aluminum consumption didn’t increase notably in south China market as downstream processors purchased only on an as-needed basis. Cargo holders were unwilling to sell at low prices, holding quotations firm at RMB 15,430/mt. Overall trading was light.
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