Compliance CentreProductsAbout UsContact Us
English
English中文
Non-ferrous
Non-ferrous
Base Metals
Minor Metals
Precious Metals
Scrap Metals
Rare Earth
Steel
Steel
Brand DataDifferentialsIron OreFinished SteelCokeCoking CoalPig Iron
New Energy
New Energy
LithiumCobaltTernary Precursor and MaterialChemical CompoundLithium-ion BatteryUsed Lithium-ion Battery
PriceNewsPublicationDatabaseEventsConsulting
More
More
PublicationDatabaseEventsConsultingSMM APPCompliance CentreAbout UsSMM Credit ServiceContact UsWhat We Do?
Home / Metal News / Tin / SHFE Aluminum Up on Positive China Manufacturing PMI, But Fall Afterwards due to Profit-Taking (Aug. 1, 2014)
SHFE Aluminum Up on Positive China Manufacturing PMI, But Fall Afterwards due to Profit-Taking (Aug. 1, 2014)
Aug 1, 2014 18:14CST
Source:SMM
On Thursday night, SHFE 1410 aluminum contract climbed to RMB 14,175/mt after starting at RMB 14,135/mt, but then fell back to finish the night session at RMB 14,015/mt.
SHANGHAI, Aug. 1 (SMM) – On Thursday night, SHFE 1410 aluminum contract climbed to RMB 14,175/mt after starting at RMB 14,135/mt, but then fell back to finish the night session at RMB 14,015/mt. Trading volumes totaled 84,826 lots, with positions down 1,182 lots to 159,358 lots.  
 
On Friday, the most active contract rose to RMB 14,105/mt as China’s official manufacturing PMI and that released by HSBC both came in at 51.7. Prices, however, fell afterwards to end at RMB 14,035/mt as investors took profits ahead of the release of US nonfarm payrolls due tonight. Trading volumes totaled 41,948 lots, with positions down 1,424 lots to 157,934 lots. 
 
 
 
 
SHFE aluminum prices

For queries, please contact Frank LIU at liuxiaolei@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.SMM Morning Comments (May 18): Base Metals Closed Mixed on Expected Recovering Demand and Economic Development Worries
2.SMM Morning Comments (May 12): Base Metals Closed Mostly with Gains on Bullish Macro Front
3.SMM Evening Comments (May 16): Shanghai Nonferrous Metals Closed Mostly with Gains amid Warming Macro Front
4.SMM Evening Comments (May 20): Shanghai Nonferrous Metals All Closed with Gains on Expected Consumption Recovery
5.SMM Morning Comments (May 16): Base Metals Closed Mostly with Gains on Easing Worries on Economic Development
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemap
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
+86 15221415920
Copyright © 2022 SMM Information & Technology Co, Ltd. All rights reserved.