Spot Aluminum Price Movement in South China (2014-2-7)-Shanghai Metals Market

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Spot Aluminum Price Movement in South China (2014-2-7)

Price Review & Forecast 05:36:22PM Feb 07, 2014 Source:SMM

SHANGHAI, Feb. 7 (SMM) – SHFE 1402 aluminum contract gapped lower on Friday, and fell further before the afternoon trading hours. In South China, downstream producers were still on the Chinese New Year holiday. Cargo holders mostly stayed on the sidelines, and moved goods in limited amount. Aluminum prices in this area followed SHFE aluminum prices down sharply, and traded mostly between RMB 13,250-13,270/mt, with thin transactions on Friday.
 

Key Words:  spot aluminum prices 

Spot Aluminum Price Movement in South China (2014-2-7)

Price Review & Forecast 05:36:22PM Feb 07, 2014 Source:SMM

SHANGHAI, Feb. 7 (SMM) – SHFE 1402 aluminum contract gapped lower on Friday, and fell further before the afternoon trading hours. In South China, downstream producers were still on the Chinese New Year holiday. Cargo holders mostly stayed on the sidelines, and moved goods in limited amount. Aluminum prices in this area followed SHFE aluminum prices down sharply, and traded mostly between RMB 13,250-13,270/mt, with thin transactions on Friday.
 

Key Words:  spot aluminum prices