South China Aluminum: Trading Light due to Upcoming Chinese New Year-Shanghai Metals Market

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South China Aluminum: Trading Light due to Upcoming Chinese New Year

SMM Insight 06:55:52PM Jan 25, 2013 Source:SMM

SHANGHAI, Jan. 25 (SMM) – SHFE 1303 aluminum contract prices were mired on Friday, providing little direction for spot aluminum prices. Most aluminum processors in south China have closed early for Chinese New Year and have made modest restocking, so they were little interested in buying today. Traders moved limited amount of goods, with mainstream traded prices at RMB 15,050-15,060/mt. Overall trading was light.
 

South China Aluminum: Trading Light due to Upcoming Chinese New Year

SMM Insight 06:55:52PM Jan 25, 2013 Source:SMM

SHANGHAI, Jan. 25 (SMM) – SHFE 1303 aluminum contract prices were mired on Friday, providing little direction for spot aluminum prices. Most aluminum processors in south China have closed early for Chinese New Year and have made modest restocking, so they were little interested in buying today. Traders moved limited amount of goods, with mainstream traded prices at RMB 15,050-15,060/mt. Overall trading was light.