South China aluminum: Inventories Grow, but Traded Volumes Fall-Shanghai Metals Market

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South China aluminum: Inventories Grow, but Traded Volumes Fall

Price Review & Forecast 03:36:18PM Oct 08, 2013 Source:SMM

SHANGHAI, Oct. 8 (SMM) – Nanhai saw aluminum stocks surge by almost 40,000 mt after the holiday, exacerbating oversupply pressure. Downstream producers did not build up stocks in appreciable amounts, so aluminum prices in the region rose a mere RMB 15/mt from before holiday to RMB 14,440-14,460/mt on Tuesday.
 

Key Words:  south China aluminum  

Price

more
1# Zinc
Oct.16
18930.0
-110.0
(-0.58%)
0# Zinc
Oct.16
19000.0
-110.0
(-0.58%)
T/C for domestic zinc concentrate
Oct.01
6325.0
0.0
(0.00%)
T/C for imported zinc concentrate
Oct.01
280.0
0.0
(0.00%)
Zinc Alloy (Zamak3/ZX01)
Oct.16
19900.0
-110.0
(-0.55%)

South China aluminum: Inventories Grow, but Traded Volumes Fall

Price Review & Forecast 03:36:18PM Oct 08, 2013 Source:SMM

SHANGHAI, Oct. 8 (SMM) – Nanhai saw aluminum stocks surge by almost 40,000 mt after the holiday, exacerbating oversupply pressure. Downstream producers did not build up stocks in appreciable amounts, so aluminum prices in the region rose a mere RMB 15/mt from before holiday to RMB 14,440-14,460/mt on Tuesday.
 

Key Words:  south China aluminum