South China Aluminum: Spot Trading Rebound on Bargain Hunting-Shanghai Metals Market

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South China Aluminum: Spot Trading Rebound on Bargain Hunting

SMM Insight 05:14:12PM Apr 16, 2013 Source:SMM

SHANGHAI, Apr. 16 (SMM) – Price decline in SHFE 1306 aluminum contract slowed on Tuesday, stimulating downstream producers and middlemen in south China to go bargain hunting. Cargo holders held offers firm at RMB 14,530/mt. Trading improved from yesterday and outperformed that in east China, with a premium of over RMB 100/mt over Shanghai reported.

South China Aluminum: Spot Trading Rebound on Bargain Hunting

SMM Insight 05:14:12PM Apr 16, 2013 Source:SMM

SHANGHAI, Apr. 16 (SMM) – Price decline in SHFE 1306 aluminum contract slowed on Tuesday, stimulating downstream producers and middlemen in south China to go bargain hunting. Cargo holders held offers firm at RMB 14,530/mt. Trading improved from yesterday and outperformed that in east China, with a premium of over RMB 100/mt over Shanghai reported.