South China Aluminum: Futures Prices Lead Gains, Allowing Traders to Hold Offers Firm_SMM

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Home / Metal News / Lead / South China Aluminum: Futures Prices Lead Gains, Allowing Traders to Hold Offers Firm

South China Aluminum: Futures Prices Lead Gains, Allowing Traders to Hold Offers Firm

Mar 6,2013 16:40

CST

smm insight

Source:SMM

SHFE aluminum led gains among base metals on Wednesday, easing market pessimism and allowing traders in south China to hold offers firm at RMB 14,470/mt.

SHANGHAI, Mar. 6 (SMM) – SHFE aluminum led gains among base metals on Wednesday, easing market pessimism and allowing traders in south China to hold offers firm at RMB 14,470/mt. However, downstream demand was limited, with only middlemen more active in purchasing. Spot aluminum traded prices rose RMB 100/mt and overall trading picked up mildly.

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 timezone

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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 timezone

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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.

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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.

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