SHFE Aluminum Falls on Negative Technical Side (May 14, 2015)

Published: May 14, 2015 17:38

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On Thursday, SHFE 1507 aluminum contract fell below the 20-day moving average to RMB 13,270/mt due to selloffs at highs.

SHANGHAI, May 14 (SMM) – On Thursday, SHFE 1507 aluminum contract fell below the 20-day moving average to RMB 13,270/mt due to selloffs at highs. But prices then rallied before ending at RMB 13,330/mt. Trading volumes totaled 30,664 lots, and positions were down 1,490 to 131,988.

SHFE aluminum prices

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