South China Aluminum: Spot Trading Remains Quiet on Pessimism-Shanghai Metals Market

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South China Aluminum: Spot Trading Remains Quiet on Pessimism

SMM Insight 02:37:41PM Nov 27, 2012 Source:SMM

SHANGHAI, Nov. 27 (SMM) – Falling SHFE 1301 aluminum contract prices dampened market confidence. Supply still exceeded demand in south China market. Traders rushed to move goods for cash, but downstream producers only purchased as needed, driving mainstream traded prices down to RMB 15,120-15,140/mt and leaving overall trading thin. 
 

South China Aluminum: Spot Trading Remains Quiet on Pessimism

SMM Insight 02:37:41PM Nov 27, 2012 Source:SMM

SHANGHAI, Nov. 27 (SMM) – Falling SHFE 1301 aluminum contract prices dampened market confidence. Supply still exceeded demand in south China market. Traders rushed to move goods for cash, but downstream producers only purchased as needed, driving mainstream traded prices down to RMB 15,120-15,140/mt and leaving overall trading thin.