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Home / Metal News / SHFE Aluminum Extends Losses on Growing Bearishness (Jun. 4, 2015)

SHFE Aluminum Extends Losses on Growing Bearishness (Jun. 4, 2015)

Jun 4, 2015 18:35

On Thursday, SHFE 1508 aluminum contract rebounded to RMB 13,130/mt after opening at RMB 13,100/mt.

SHANGHAI, Jun. 4 (SMM) – On Thursday, SHFE 1508 aluminum contract rebounded to RMB 13,130/mt after opening at RMB 13,100/mt. But the light metal followed other base metals down in the afternoon to RMB 13,080/mt before ending at RMB 13,105/mt. Trading volumes totaled 29,702 lots, and positions were down 2,458 to 132,794. Prices will test support at RMB 13,000/mt due to negative technical side and strong bearishness.

SHFE aluminum prices

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