South China Aluminum: Trading Muted as Few Suppliers and Buyer Enter Markets-Shanghai Metals Market

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South China Aluminum: Trading Muted as Few Suppliers and Buyer Enter Markets

SMM Insight 04:02:56PM Feb 01, 2013 Source:SMM

SHANGHAI, Feb. 1 (SMM) – SHFE 1304 aluminum contract prices lost support at RMB 15,200/mt after a low opening on Friday due to China’s discouraging January manufacturing PMI. Few suppliers and buyers entered the spot market in south China as Chinese New Year is only a few days away. Offers edged down to RMB 14,990-15,000/mt. Overall trading was muted.
 

South China Aluminum: Trading Muted as Few Suppliers and Buyer Enter Markets

SMM Insight 04:02:56PM Feb 01, 2013 Source:SMM

SHANGHAI, Feb. 1 (SMM) – SHFE 1304 aluminum contract prices lost support at RMB 15,200/mt after a low opening on Friday due to China’s discouraging January manufacturing PMI. Few suppliers and buyers entered the spot market in south China as Chinese New Year is only a few days away. Offers edged down to RMB 14,990-15,000/mt. Overall trading was muted.