South China Aluminum: Middlemen Buy at Lows, Spot Trading Stable-Shanghai Metals Market

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South China Aluminum: Middlemen Buy at Lows, Spot Trading Stable

SMM Insight 04:39:17PM Jan 10, 2013 Source:SMM

SHANGHAI, Jan. 10 (SMM) – SHFE 1303 aluminum contract prices were stagnant on Thursday. Limited aluminum ingot arrived at South China recently and downstream producers exhibited buying interest post-holiday, attracting middlemen to purchase at lows, with traded prices at RMB 15,110-15,130/mt. Stable downstream buying left overall trading modest.
 

South China Aluminum: Middlemen Buy at Lows, Spot Trading Stable

SMM Insight 04:39:17PM Jan 10, 2013 Source:SMM

SHANGHAI, Jan. 10 (SMM) – SHFE 1303 aluminum contract prices were stagnant on Thursday. Limited aluminum ingot arrived at South China recently and downstream producers exhibited buying interest post-holiday, attracting middlemen to purchase at lows, with traded prices at RMB 15,110-15,130/mt. Stable downstream buying left overall trading modest.