South China Aluminum Price: Trading Light on Oversupply Pressure (2013-4-10)-Shanghai Metals Market

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South China Aluminum Price: Trading Light on Oversupply Pressure (2013-4-10)

SMM Insight 03:05:32PM Apr 10, 2013 Source:SMM

SHANGHAI, Apr. 10 (SMM) – SHFE 1306 aluminum contract immediately fell back after hitting a high of RMB 14,700/mt on Wednesday. Cargo holders were anxious to sell at highs, but purchases by downstream producers and middlemen were stable, leaving mainstream trade prices stagnant at RMB 14,650/mt. Overall transactions were limited.  
 

South China Aluminum Price: Trading Light on Oversupply Pressure (2013-4-10)

SMM Insight 03:05:32PM Apr 10, 2013 Source:SMM

SHANGHAI, Apr. 10 (SMM) – SHFE 1306 aluminum contract immediately fell back after hitting a high of RMB 14,700/mt on Wednesday. Cargo holders were anxious to sell at highs, but purchases by downstream producers and middlemen were stable, leaving mainstream trade prices stagnant at RMB 14,650/mt. Overall transactions were limited.