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SHFE Aluminum Price Falls Again as Bearishness Lingers (Oct. 17, 2014)
Oct 17,2014 16:05CST
price review forecast
Source:SMM
On Thursday night, SHFE 1412 aluminum contract dipped to RMB 13,555/mt after starting at RMB 13,605/mt, and finished the night session at RMB 13,645/mt.
SHANGHAI, Oct. 17 (SMM) – On Thursday night, SHFE 1412 aluminum contract dipped to RMB 13,555/mt after starting at RMB 13,605/mt, and finished the night session at RMB 13,645/mt. 
 
On Friday, the most active contract dropped to RMB 13,540/mt as pessimism dominated the market. But prices rebounded later to close at RMB 13,600/mt as short sellers withdrew to avoid risks before the weekend. Trading volumes totaled 69,884 lots, with positions down 624 lots to 130,216 lots. Prices will be vulnerable at RMB 13,500/mt. 
 
 
   
 
SHFE aluminum prices

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