Download our mobile app to 
your devices
Android devicesiOS devices
Holiday Pricing ScheduleFREE TRIALCompliance CentreAbout UsContact Us
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltTernary Precursor and MaterialAnode MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
DashboardDatabaseProReportsEventsCar Insight
Home / Metal News / SMM Brief Review – 2011/7/21 Aluminum Futures

SMM Brief Review – 2011/7/21 Aluminum Futures

iconJul 21, 2011 17:09
Source:SMM
SHANGHAI, Jul. 21st (SMM) – Most active SHFE 1110 aluminum contract prices opened lower at RMB 17,630/mt on July 21st

 SHANGHAI, Jul. 21st (SMM) – Most active SHFE 1110 aluminum contract prices opened lower at RMB 17,630/mt on July 21st and fell below the 5-day moving average later. At the tail of trading, SHFE 1110 aluminum contract prices plunged further and hit RMB 17,480/mt. Finally SHFE 1110 aluminum contract prices slightly rebounded and closed at RMB 17,505/mt, down RMB 135/mt or 0.77% from previous trading day. Total positions of most active SHFE 1110 aluminum contracts increased by 4,320 lots to 115,538 lots. Though SHFE aluminum prices opened lower and kept falling, the downward space will be limited due to tight spot aluminum supply. Therefore, SMM expects most active SHFE 1110 aluminum contract prices to test RMB 17,500/mt in the short term.


Copyright © SMM. All Rights Reserved.

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

aluminum price
aluminum Al

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All
MOST POPULAR
1.Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles
2.Aluminum Wire Supplier Screening
3.Cost Analysis Of AL Extrusion For Target Units
4.Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)
5.Optimization Of Purchasing Cost For Casting Alloys
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.