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SHFE Aluminum Fell After Initial Rise on Pre-Holiday Risk Aversion (Apr. 30, 2015)

Published: Apr 30, 2015 17:08
Caution dominated SHFE market on the last trading day before the May Day holiday.

         

SHANGHAI, Apr. 30 (SMM) – Caution dominated SHFE market on the last trading day before the May Day holiday. SHFE 1507 aluminum contract touched RMB 13,370/mt twice, but then fell back. Finally, prices ended at RMB 13,360/mt. Trading volumes were down 18,882 lots to 472,848 lots, and positions were up 2,898 to 145,866. 
 
 
 
SHFE aluminum prices

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SHFE Aluminum Fell After Initial Rise on Pre-Holiday Risk Aversion (Apr. 30, 2015) - Shanghai Metals Market (SMM)