South China Aluminum: Traders Hold Back Goods, Trading Stable-Shanghai Metals Market

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South China Aluminum: Traders Hold Back Goods, Trading Stable

SMM Insight 03:46:56PM Apr 17, 2013 Source:SMM

SHANGHAI, Apr. 17 (SMM) – SHFE 1306 aluminum contract inched down after a high opening on Wednesday, meeting resistance at RMB 14,600/mt. Cargo holders in south China took a wait-and-see mood, with offers reported at RMB 14,600/mt. Downstream producers purchased as needed, leaving overall trading stable.
 

South China Aluminum: Traders Hold Back Goods, Trading Stable

SMM Insight 03:46:56PM Apr 17, 2013 Source:SMM

SHANGHAI, Apr. 17 (SMM) – SHFE 1306 aluminum contract inched down after a high opening on Wednesday, meeting resistance at RMB 14,600/mt. Cargo holders in south China took a wait-and-see mood, with offers reported at RMB 14,600/mt. Downstream producers purchased as needed, leaving overall trading stable.