South China Aluminum: Prices Up on Pre-Holiday Restocking-Shanghai Metals Market

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South China Aluminum: Prices Up on Pre-Holiday Restocking

SMM Insight 03:16:58PM Apr 03, 2013 Source:SMM

SHANGHAI, Apr. 3 (SMM) – SHFE 1306 aluminum contract had little upward momentum necessary to break RMB 14,600/mt on Wednesday. Cargo holders in south China held back goods, while downstream producers were active building up stocks for the three-day public holiday, pushing mainstream traded prices up to above RMB 14,500/mt, a premium of RMB 100/mt over Shanghai. Overall trading was brisk.  
 

South China Aluminum: Prices Up on Pre-Holiday Restocking

SMM Insight 03:16:58PM Apr 03, 2013 Source:SMM

SHANGHAI, Apr. 3 (SMM) – SHFE 1306 aluminum contract had little upward momentum necessary to break RMB 14,600/mt on Wednesday. Cargo holders in south China held back goods, while downstream producers were active building up stocks for the three-day public holiday, pushing mainstream traded prices up to above RMB 14,500/mt, a premium of RMB 100/mt over Shanghai. Overall trading was brisk.