SHFE Aluminum Closes Up RMB 80/mt (May 4, 2015)

Published: May 4, 2015 17:31

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Negative HSBC’s China manufacturing PMI and a lack of guidance from LME aluminum prevented SHFE aluminum from rising sharply.

SHANGHAI, May 4 (SMM) – Negative HSBC’s China manufacturing PMI and a lack of guidance from LME aluminum prevented SHFE aluminum from rising sharply. SHFE 1507 aluminum contract rose to RMB 13,465/mt after opening at RMB 13,400/mt. But prices fell to RMB 13,390/mt later before ending Monday at RMB 13,420/mt. Trading volumes totaled 44,714 lots, and positions were up 1,454 to 147,352.

SHFE aluminum prices

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