South China Aluminum: Trading Brisk on Pre-Holiday Stock Rebuilding-Shanghai Metals Market

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South China Aluminum: Trading Brisk on Pre-Holiday Stock Rebuilding

SMM Insight 04:27:43PM Apr 01, 2013 Source:SMM

SHANGHAI, Apr. 1 (SMM) – SHFE 1306 aluminum contract fell on Monday, but still found strong support at RMB 14,500/mt. Traders in south China held quotations firm at RMB 14,450/mt as liquidity has increased at the start of the new month, helping spot aluminum resist declines compared with east China. Downstream producers replenished some stocks before the upcoming Chinese Qingming holiday. Trading was brisk at low prices. 

 

South China Aluminum: Trading Brisk on Pre-Holiday Stock Rebuilding

SMM Insight 04:27:43PM Apr 01, 2013 Source:SMM

SHANGHAI, Apr. 1 (SMM) – SHFE 1306 aluminum contract fell on Monday, but still found strong support at RMB 14,500/mt. Traders in south China held quotations firm at RMB 14,450/mt as liquidity has increased at the start of the new month, helping spot aluminum resist declines compared with east China. Downstream producers replenished some stocks before the upcoming Chinese Qingming holiday. Trading was brisk at low prices.