South China Aluminum: Limited Downstream Restocking Sends Prices Up Slightly-Shanghai Metals Market

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South China Aluminum: Limited Downstream Restocking Sends Prices Up Slightly

SMM Insight 02:55:18PM Jan 04, 2013 Source:SMM

SHANGHAI, Jan. 4 (SMM) – SHFE 1303 aluminum contract prices lacked upward momentum on Friday. Cargo holders in south China market held back goods and took a wait-and-see stance due to limited arrivals after the New Year holiday. Downstream producers showed some willingness to build up stocks as liquidity increased, pushing traded prices slightly up to RMB 15,120-15,140/mt. Overall trading picked up mildly.
 

South China Aluminum: Limited Downstream Restocking Sends Prices Up Slightly

SMM Insight 02:55:18PM Jan 04, 2013 Source:SMM

SHANGHAI, Jan. 4 (SMM) – SHFE 1303 aluminum contract prices lacked upward momentum on Friday. Cargo holders in south China market held back goods and took a wait-and-see stance due to limited arrivals after the New Year holiday. Downstream producers showed some willingness to build up stocks as liquidity increased, pushing traded prices slightly up to RMB 15,120-15,140/mt. Overall trading picked up mildly.