Home / Metal News / SHFE Aluminum Falls for Three Consecutive Days (Feb. 11, 2015)

SHFE Aluminum Falls for Three Consecutive Days (Feb. 11, 2015)

iconFeb 11, 2015 18:04
Source:SMM
On Tuesday night, SHFE 1504 aluminum contract dropped below the 10-day moving average after starting at RMB 13,125/mt, and finished the night session at RMB 13,060/mt.
SHANGHAI, Feb. 11 (SMM) –On Tuesday night, SHFE 1504 aluminum contract dropped below the 10-day moving average after starting at RMB 13,125/mt, and finished the night session at RMB 13,060/mt. Trading volumes totaled 11,664 lots, with positions down 424 to 118,420.
  
On Wednesday, the most active contract climbed to 13,100/mt, but then fell back to RMB 13,030/mt before ending at RMB 13,035/mt. Trading volumes totaled 33,430 lots, with positions down 1,350 to 117,494. Technical indicator suggests that more losses may be on the way.     
 
SHFE aluminum prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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

Related news