02 AUGUST 2011en.smm.cn
Aluminum Market Cools with High Prices, Tight Capital, Weak Consumption
Edited by : AL CIRCLE
1 min read
The SMM China Aluminum Ingot Trade Index during July 25th to July 29th fell below the balance line of 50% to 46.9%, down by 4.5% from previous week. SHFE aluminum prices surged with strong long momentum during the week, with unwillingness to sell remaining strong among goods holders. However, as tight month-end capital supply dampened the already weak consumption, domestic aluminum ingot trade market cooled down with climbing aluminum prices during the week. More details can be found in “China Aluminum Ingot Trade Market Weekly 110801”.
In order to objectively and accurately show China’s spot aluminum ingot trading market, SMM has surveyed spot aluminum ingot traders from different regions, of different types and scales, based on their total traded volumes, downstream purchase volumes, traders inventories, cash flows and employee numbers etc.
In order to objectively and accurately show China’s spot aluminum ingot trading market, SMM has surveyed spot aluminum ingot traders from different regions, of different types and scales, based on their total traded volumes, downstream purchase volumes, traders inventories, cash flows and employee numbers etc.
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