South China Aluminum Price: Prices Fall Further, Transactions Modest-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Market commentary
  • Production data
  • Macroeconomics
  • Aluminium
  • Morning comments
  • Futures movement
  • Mengtai Group
  • Copper
  • Stainless steel
  • Nickel
  • In the United States
  • trade negotiations

South China Aluminum Price: Prices Fall Further, Transactions Modest

SMM Insight 02:49:10PM Apr 12, 2013 Source:SMM

SHANGHAI, Apr. 12 (SMM) – SHFE 1306 aluminum contract was capped under the 30-day moving average on Friday, undermining market sentiment. Traders in south China rushed to sell, but downstream producers purchased only to need, bringing mainstream traded prices down to RMB 14,660-14,680/mt. Overall transactions were modest.
 

South China Aluminum Price: Prices Fall Further, Transactions Modest

SMM Insight 02:49:10PM Apr 12, 2013 Source:SMM

SHANGHAI, Apr. 12 (SMM) – SHFE 1306 aluminum contract was capped under the 30-day moving average on Friday, undermining market sentiment. Traders in south China rushed to sell, but downstream producers purchased only to need, bringing mainstream traded prices down to RMB 14,660-14,680/mt. Overall transactions were modest.