South China Aluminum: Spot Trading Thin on Bearishness

Oct 10, 2012 14:34

Source:SMM

The most active SHFE aluminum contract met resistance at RMB 15,600/mt after a low opening on Wednesday, fuelling strong bearish sentiment in spot aluminum market.

SHANGHAI, Oct. 10 (SMM) – The most active SHFE aluminum contract met resistance at RMB 15,600/mt after a low opening on Wednesday, fuelling strong bearish sentiment in spot aluminum market. Mainstream traded prices stagnated at RMB 15,370/mt in south China. Downstream processors purchased as needed due to limited orders, while supply was ample, leaving trading quiet.

south China aluminum prices

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SHFE 1507 aluminum started lower and rose slightly on Friday. Main trading prices were RMB 12,660-12,680/mt today for spot aluminum in south China.

Jun 19, 2015 18:09

SMM Comments

Weak South China Aluminum Undermines Investors Confidence (Jun. 18, 2015)

SHFE 1507 aluminum rebounded on Thursday after a low. Trading prices for spot aluminum were RMB 12,650-12,660/mt today in south China market.

Jun 18, 2015 16:20

SMM Comments

South China Aluminum Trades at RMB 12,680-12,700/mt (Jun. 17, 2015)

SHFE 1508 aluminum moved narrowly on Wednesday morning and ended the day up RMB 25/mt at RMB 12,710/mt.

Jun 17, 2015 16:47

SMM Comments

South China Aluminum Trades Remain Quiet (Jun. 16, 2015)

Wait-and-see posture prevailed south China market on Tuesday.

Jun 16, 2015 15:49

SMM Comments

South China Aluminum Sees Light Trades (Jun. 15, 2015)

Cargo holders quoted at high in south China. However, downstream purchasers and traders only bought at low and stopped building stocks after Monday morning session.

Jun 15, 2015 17:05

SMM Comments

Post-Holiday Trading in South China Aluminum Market Remains Light (Feb. 25, 2015)

Trading in south China spot aluminum market was thin on the first day after the Chinese New Year holiday.

Feb 25, 2015 15:31

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South China Aluminum: Spot Trading Thin on Bearishness

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