SHFE Aluminum Prices Up as Bullishness Dominates (Aug. 21, 2014)

Aug 21, 2014 17:30

Source:SMM

On Wednesday night, SHFE 1410 aluminum contract started at RMB 14,220/mt before hitting the highest level since November 2013 at RMB 14,365/mt.

SHANGHAI, Aug. 21 (SMM) – On Wednesday night, SHFE 1410 aluminum contract started at RMB 14,220/mt before hitting the highest level since November 2013 at RMB 14,365/mt. The most active contract finished the night session at RMB 14,355/mt. Trading volumes totaled 87,572 lots, with positions up 6,634 lots to 232,212 lots.

On Thursday, the most active contract fell to RMB 14,265/mt as HSBC’s flash China manufacturing PMI slipped to 50.3 in August, and ended the day at RMB 14,345/mt. Trading volumes totaled 47,772 lots, with positions down 1,200 lots to 131,012 lots. Prices are expected to gather more steam since technical indicators are pointing upward.

SHFE aluminum prices

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday 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.

SHFE Aluminum Prices Up as Bullishness Dominates (Aug. 21, 2014)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025