Poor Orders at Downstream Producers Restrain Physical Aluminum Trading in South China (Oct. 8, 2014)-Shanghai Metals Market

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Poor Orders at Downstream Producers Restrain Physical Aluminum Trading in South China (Oct. 8, 2014)

Price Review & Forecast 04:03:17PM Oct 08, 2014 Source:SMM

SHANGHAI, Oct. 8 (SMM) – The SHFE 1410 aluminum contract hovered narrowly around the RMB 14,000/mt mark during the morning trading session on Wednesday. Aluminum stocks in Nanhai increased 9,000 mt during the Chinese National Day holiday. Traded prices in Nanhai were largely in a RMB 13,970-13,990/mt band on Wednesday since downstream producers remained disinclined to buy due to poor orders. Trading activity was modest.
 

Key Words:  spot aluminum prices 

Poor Orders at Downstream Producers Restrain Physical Aluminum Trading in South China (Oct. 8, 2014)

Price Review & Forecast 04:03:17PM Oct 08, 2014 Source:SMM

SHANGHAI, Oct. 8 (SMM) – The SHFE 1410 aluminum contract hovered narrowly around the RMB 14,000/mt mark during the morning trading session on Wednesday. Aluminum stocks in Nanhai increased 9,000 mt during the Chinese National Day holiday. Traded prices in Nanhai were largely in a RMB 13,970-13,990/mt band on Wednesday since downstream producers remained disinclined to buy due to poor orders. Trading activity was modest.
 

Key Words:  spot aluminum prices