South China Aluminum: Traders Eager to Sell, But Buying Interest Wanes-Shanghai Metals Market

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South China Aluminum: Traders Eager to Sell, But Buying Interest Wanes

SMM Insight 07:15:20PM Apr 26, 2013 Source:SMM

SHANGHAI, Apr. 26 (SMM) – The most active SHFE aluminum contract challenged resistance at RMB 14,700/mt on Friday. Traders in south China were more eager to sell, but downstream producers were less interested in purchasing since they completed restocking yesterday, sending mainstream traded prices below RMB 14,700/mt.
 

South China Aluminum: Traders Eager to Sell, But Buying Interest Wanes

SMM Insight 07:15:20PM Apr 26, 2013 Source:SMM

SHANGHAI, Apr. 26 (SMM) – The most active SHFE aluminum contract challenged resistance at RMB 14,700/mt on Friday. Traders in south China were more eager to sell, but downstream producers were less interested in purchasing since they completed restocking yesterday, sending mainstream traded prices below RMB 14,700/mt.