South China Aluminum Price: Trading Light as Market Sentiment Is Dampened-Shanghai Metals Market

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South China Aluminum Price: Trading Light as Market Sentiment Is Dampened

SMM Insight 03:00:03PM Apr 11, 2013 Source:SMM

SHANGHAI, Apr. 11 (SMM) – SHFE 1306 aluminum contract fell back after touching high on Thursday, hurting market confidence. Cargo holders in south China were anxious to sell, but purchases by downstream producers and middlemen were limited, leaving mainstream traded prices stagnant at RMB 14,690/mt.
 

South China Aluminum Price: Trading Light as Market Sentiment Is Dampened

SMM Insight 03:00:03PM Apr 11, 2013 Source:SMM

SHANGHAI, Apr. 11 (SMM) – SHFE 1306 aluminum contract fell back after touching high on Thursday, hurting market confidence. Cargo holders in south China were anxious to sell, but purchases by downstream producers and middlemen were limited, leaving mainstream traded prices stagnant at RMB 14,690/mt.