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Home / Metal News / SHFE Aluminum Draws Little Support from PBOC Rate Cuts (May 11, 2015)

SHFE Aluminum Draws Little Support from PBOC Rate Cuts (May 11, 2015)

May 11, 2015 16:30

The PBOC’s interest rate cuts this past weekend had little impact on base metals market.

SHANGHAI, May 11 (SMM) – The PBOC’s interest rate cuts this past weekend had little impact on base metals market. SHFE 1507 aluminum contract fell to RMB 13,405/mt, but then rebounded to end at RMB 1,480/mt. Trading volumes totaled 42,292 lots, and positions were down 1,856 to 134,282.

SHFE aluminum prices

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