Metals News
SHFE Aluminum Prices Up as Bullishness Dominates (Aug. 21, 2014)
price review forecast
17:30PM
Source:SMM

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 Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data