South China Aluminum: Trading Quiet on Limited Downstream Purchase-Shanghai Metals Market

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South China Aluminum: Trading Quiet on Limited Downstream Purchase

SMM Insight 04:53:36PM Jan 16, 2013 Source:SMM

SHANGHAI, Jan. 16 (SMM) – SHFE 1303 aluminum contract prices failed to rebound on Wednesday, dampening market sentiment. Cargo holders in Guangdong remained active in moving goods, but downstream processors showed little buying interest, causing mainstream traded prices to stagnate at RMB 15,100/mt. Overall trading was thin.
 

South China Aluminum: Trading Quiet on Limited Downstream Purchase

SMM Insight 04:53:36PM Jan 16, 2013 Source:SMM

SHANGHAI, Jan. 16 (SMM) – SHFE 1303 aluminum contract prices failed to rebound on Wednesday, dampening market sentiment. Cargo holders in Guangdong remained active in moving goods, but downstream processors showed little buying interest, causing mainstream traded prices to stagnate at RMB 15,100/mt. Overall trading was thin.