Home / Metal News / Tin / SHFE Aluminum Down, Drawing No Support from Strong China Trade Data (Aug. 8, 2014)
SHFE Aluminum Down, Drawing No Support from Strong China Trade Data (Aug. 8, 2014)
Aug 8, 2014 16:20CST
Source:SMM
On Thursday night, SHFE 1410 aluminum contract started at RMB 14,120/mt.
SHANGHAI, Aug. 8 (SMM) – On Thursday night, SHFE 1410 aluminum contract started at RMB 14,120/mt. Prices touched a session high of RMB 14,185/mt and session low of RMB 14,090/mt. Trading volumes totaled 63,422 lots, with positions up 4,576 lots to 152,496 lots. 
 
On Friday, the most active contract moved lower to RMB 14,060/mt as investors closed positions, drawing no support from strong Chinese trade data for July. The light metal closed at RMB 14,085/mt. Trading volumes totaled 40,084 lots, with positions down 5,822 lots to 146,674 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