SHFE Aluminum Rises on Favorable Export Policy (Apr. 23, 2015)

Apr 23, 2015 17:33

Source:SMM

China decided to remove provisional export tax on aluminum bar and rod, cheering market up.

SHANGHAI, Apr. 23 (SMM) – China decided to remove provisional export tax on aluminum bar and rod, cheering market up. This news drove SHFE 1507 aluminum contract up to RMB 13,280/mt on Thursday. Finally, the most active contract ended at RMB 13,210/mt. Trading volumes totaled 58,130 lots, with positions up 1,228 to 119,028. Prices are expected to challenge resistance at the 60-day moving average as market will continue to digest the favorable export policy.

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SHFE Aluminum Rises on Favorable Export Policy (Apr. 23, 2015)

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON