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Home / Metal News / South China Aluminum: Cargo Holders Hold back Goods on Falling Inventories

South China Aluminum: Cargo Holders Hold back Goods on Falling Inventories

Jan 21, 2013 16:17

Source:SMM

SHFE 1303 aluminum contract prices pared gains after a high opening on Monday.

SHANGHAI, Jan. 21 (SMM) – SHFE 1303 aluminum contract prices pared gains after a high opening on Monday. However, falling aluminum inventories in south China allowed local cargo holders to hold back goods to support prices, helping push traded prices up slightly to RMB 15,120-15,130/mt, a premium of RMB 170/mt over Shanghai. Downstream producers purchased as needed, leaving overall trading stable.

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

SMM Comments

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South China Aluminum: Cargo Holders Hold back Goods on Falling Inventories

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