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

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

iconOct 8, 2014 16:03
Source:SMM
Aluminum stocks in Nanhai increased 9,000 mt during the Chinese National Day holiday.

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.
 

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