SHFE Aluminum Closes Down, More Losses Expected (May 12, 2015)
On Tuesday, SHFE 1507 aluminum contract drifted lower after opening at RMB 13,450/mt.
SHANGHAI, May 12 (SMM) – On Tuesday, SHFE 1507 aluminum contract drifted lower after opening at RMB 13,450/mt. The contract closed at an intraday low of RMB 13,315/mt. Trading volumes totaled 3,918 lots, and positions were down 2,712 to 131,570. Prices might test support at the 20-day moving average since technical side is negative.
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