South China Aluminum: Trading Activity Depressed on Sluggish Downstream Consumption-Shanghai Metals Market

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South China Aluminum: Trading Activity Depressed on Sluggish Downstream Consumption

SMM Insight 03:45:25PM Jan 24, 2013 Source:SMM

SHANGHAI, Jan. 24 (SMM) – SHFE 1303 aluminum contract prices extended losses and lost support at RMB 15,150/mt on Thursday. Spot aluminum prices in south China followed suit, with mainstream traded prices down to RMB 15,050-15,060/mt. Traders were in a hurry to sell at the month’s end, while downstream producers seldom entered the market, with only middlemen purchasing moderately at lower prices, depressing overall trading activity.
 

Key Words:  south China   aluminum prices 

South China Aluminum: Trading Activity Depressed on Sluggish Downstream Consumption

SMM Insight 03:45:25PM Jan 24, 2013 Source:SMM

SHANGHAI, Jan. 24 (SMM) – SHFE 1303 aluminum contract prices extended losses and lost support at RMB 15,150/mt on Thursday. Spot aluminum prices in south China followed suit, with mainstream traded prices down to RMB 15,050-15,060/mt. Traders were in a hurry to sell at the month’s end, while downstream producers seldom entered the market, with only middlemen purchasing moderately at lower prices, depressing overall trading activity.
 

Key Words:  south China   aluminum prices