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SHFE Aluminum Extends Losses on Growing Bearishness (Jun. 4, 2015)
Jun 4,2015 18:35CST
price review forecast
Source:SMM
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.  
 
 
 
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