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SHFE Aluminum Draws Little Support from PBOC Rate Cuts (May 11, 2015)
May 11, 2015 16:30Source:SMM
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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