South China Aluminum: Trading Light on Dampened Sentiment-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Futures movement
  • Zinc
  • Aluminium
  • Nickel
  • Copper
  • hydrogenation stations
  • nickel laterite
  • Market commentary
  • In the United States
  • Morning comments
  • Nickel ore

South China Aluminum: Trading Light on Dampened Sentiment

SMM Insight 03:57:58PM Apr 15, 2013 Source:SMM

SHANGHAI, Apr. 15 (SMM) – SHFE 1306 aluminum contract opened lower on Monday due to downbeat economic figures from China and the US and lost over 1%, undermining sentiment in south China spot aluminum market. Limited arrivals in Guangdong allowed cargo holders to hold back goods at lows, but downstream producers and middlemen held to the sidelines, leaving traded prices stagnant at RMB 14,570/mt. SHANGHAI, Apr. 15 (SMM) – SHFE 1306 aluminum contract opened lower on Monday and lost over 1%, undermining sentiment in south China spot aluminum market. Limited arrivals in Guangdong allowed cargo holders to hold back goods at lows, but downstream producers and middlemen held to the sidelines, leaving traded prices stagnant at RMB 14,570/mt.
 

South China Aluminum: Trading Light on Dampened Sentiment

SMM Insight 03:57:58PM Apr 15, 2013 Source:SMM

SHANGHAI, Apr. 15 (SMM) – SHFE 1306 aluminum contract opened lower on Monday due to downbeat economic figures from China and the US and lost over 1%, undermining sentiment in south China spot aluminum market. Limited arrivals in Guangdong allowed cargo holders to hold back goods at lows, but downstream producers and middlemen held to the sidelines, leaving traded prices stagnant at RMB 14,570/mt. SHANGHAI, Apr. 15 (SMM) – SHFE 1306 aluminum contract opened lower on Monday and lost over 1%, undermining sentiment in south China spot aluminum market. Limited arrivals in Guangdong allowed cargo holders to hold back goods at lows, but downstream producers and middlemen held to the sidelines, leaving traded prices stagnant at RMB 14,570/mt.