Home / Metal News / Aluminium / SHFE Aluminum Closes with Losses as Long Buyers Exit (Oct. 10, 2014)
SHFE Aluminum Closes with Losses as Long Buyers Exit (Oct. 10, 2014)
Oct 10,2014 17:34CST
price review forecast
Source:SMM
On Thursday night, SHFE 1412 aluminum contract started at RMB 13,870/mt.
SHANGHAI, Oct. 10 (SMM) – On Thursday night, SHFE 1412 aluminum contract started at RMB 13,870/mt. The most active contract touched session low of RMB 13,855/mt and session high of RMB 13,960/mt before finishing at RMB 13,870/mt. Trading volumes totaled 45,594 lots, with positions up 2,528 lots to 147,824 lots.  
 
On Friday, prices touched an intraday low of RMB 13,715/mt in the afternoon as investors cut long positions. The contract closed RMB 125/mt or 0.9% lower at RMB 13,735/mt. Trading volumes surged 16,602 lots to 116,263 lots, with positions down 4,256 lots to 141,040 lots. Technical indicators are negative.  
 
 
 
   
 
 
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