South China Aluminum Price: Liquidity Crunch Depresses Trading, Traders Bearish Over Future Prices-Shanghai Metals Market

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South China Aluminum Price: Liquidity Crunch Depresses Trading, Traders Bearish Over Future Prices

Price Review & Forecast 02:56:14PM Jun 28, 2013 Source:SMM

SHANGHAI, Jun. 27 (SMM) – Trading in south China spot aluminum market was light on Friday due to liquidity crunch at mid-year mark. This, coupled with falling SHFE aluminum, sent mainstream traded prices in the region down to RMB 14,590-14,610/mt, only RMB 220/mt higher than in Shanghai. Fewer goods were shipped to south China after the price spread between Guangdong and Shanghai narrowed. Aluminum inventories in south China are now less than 100,000 mt, but lower inventories failed to stoke optimism among traders. 
 

South China Aluminum Price: Liquidity Crunch Depresses Trading, Traders Bearish Over Future Prices

Price Review & Forecast 02:56:14PM Jun 28, 2013 Source:SMM

SHANGHAI, Jun. 27 (SMM) – Trading in south China spot aluminum market was light on Friday due to liquidity crunch at mid-year mark. This, coupled with falling SHFE aluminum, sent mainstream traded prices in the region down to RMB 14,590-14,610/mt, only RMB 220/mt higher than in Shanghai. Fewer goods were shipped to south China after the price spread between Guangdong and Shanghai narrowed. Aluminum inventories in south China are now less than 100,000 mt, but lower inventories failed to stoke optimism among traders.