South China Aluminum: Sentiment Improves, Trading Brisk-Shanghai Metals Market

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South China Aluminum: Sentiment Improves, Trading Brisk

SMM Insight 03:18:20PM Apr 02, 2013 Source:SMM

SHANGHAI, Apr. 2 (SMM) – SHFE 1306 aluminum contract rebounded mildly on Tuesday, increasing expectations that aluminum prices will stop falling for the immediate term. Traders in south China continued to hold offers firm at RMB 14,460/mt. Downstream producers were moderately interested in buying, and middlemen were active in bargain hunting, leaving trading brisk.  
 

South China Aluminum: Sentiment Improves, Trading Brisk

SMM Insight 03:18:20PM Apr 02, 2013 Source:SMM

SHANGHAI, Apr. 2 (SMM) – SHFE 1306 aluminum contract rebounded mildly on Tuesday, increasing expectations that aluminum prices will stop falling for the immediate term. Traders in south China continued to hold offers firm at RMB 14,460/mt. Downstream producers were moderately interested in buying, and middlemen were active in bargain hunting, leaving trading brisk.