SHFE Aluminum Recovers Losses as Bullish Sentiment Remains (Aug. 22, 2014)

Aug 22, 2014 16:50

Source:SMM

On Thursday night, SHFE 1410 aluminum contract climbed to RMB 14,385/mt after starting at RMB 14,335/mt, but then retreated to finish at RMB 14,275/mt.

SHANGHAI, Aug. 22 (SMM) – On Thursday night, SHFE 1410 aluminum contract climbed to RMB 14,385/mt after starting at RMB 14,335/mt, but then retreated to finish at RMB 14,275/mt. Trading volumes totaled 86,736 lots, with positions up 1,342 lots to 13,254 lots.

On Friday, the most active contract recovered losses suffered in the night session, and ended the day at RMB 14,330/mt. Trading volumes totaled 121,212 lots, with positions down 3,108 lots to 127,810 lots. SHFE 1411 aluminum contract may become the most active contract next week.

SHFE aluminum prices

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SHFE Aluminum Recovers Losses as Bullish Sentiment Remains (Aug. 22, 2014)

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