South China Aluminum: Sentiment Dampened, Prices under Downward Pressure_SMM

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Home / Metal News / Aluminium / South China Aluminum: Sentiment Dampened, Prices under Downward Pressure

South China Aluminum: Sentiment Dampened, Prices under Downward Pressure

Mar 14,2013 15:49

CST

SMM Insight

Source:SMM

SHFE 1306 aluminum contract prices marched down after a low opening on Thursday, promoting traders in south China to actively move goods for cash.

SHANGHAI, Mar. 14 (SMM) – SHFE 1306 aluminum contract prices marched down after a low opening on Thursday, promoting traders in south China to actively move goods for cash. However, downstream producers purchased only as needed, sending spot aluminum prices down slightly to RMB 14,540-14,560/mt. Markets are worried that aluminum prices will come under great downward pressure after the State Reserve Bureau buys aluminum ingot.

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

CST

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 timezone

CST

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 timezone

CST

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 timezone

CST

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 timezone

CST

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 timezone

CST

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