SHANGHAI, Apr. 17 (SMM) –On Thursday night, SHFE 1506 aluminum contract slid to RMB 13,160/mt due to profit-taking at highs after starting at RMB 13,235/mt. The most active contract ended the night session at RMB 13,195/mt. Trading volumes totaled 11,472 lots, with positions down 2,700 to 119,468.
On Friday, the most active contract hovered narrowly above RMB 13,200/mt in quiet macro front for most of the day. But prices inched down at the tail of the day due to exit of bulls, closing at RMB 13,190/mt. Trading volumes totaled 36,348 lots, with positions down 8,288 to 113,880.