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SHFE Aluminum Ends Lower (2017-2-27)

iconFeb 27, 2017 18:32
Source:SMM
SHFE 1704 aluminum opened at RMB 13,820/mt and ended at RMB 13,755/mt.

SHANGHAI, Feb. 27 (SMM) – SHFE 1704 aluminum opened at RMB 13,820/mt and then declined slightly. The contract fluctuated at RMB 13,800/mt and then rallied above to RMB 13,825/mt with entering of longs. SHFE 1704 aluminum later declined. During the afternoon trading, the contract swung with exit of longs and shorts and then declined to RMB 13,710/mt. The contract ended at RMB 13,755/mt. Trading volumes dropped to 305,876 lots and positions fell 12,056 to 221,782.

SHFE 1704 aluminum is expected to keep fluctuating in a short term.

SHFE aluminum
LME aluminum
aluminum prices

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