SHANGHAI, Jun. 23 (SMM) – SHFE 1508 aluminum drifted higher after opening at RMB 12,695/mt on Tuesday, but failed to break though the 10-day moving average. The contract rose to RMB 12,770/mt in the afternoon due to exit of shorts before ending at RMB 12,760/mt. Trading volumes were down 4118 lots to 15,674 lots, and positions were down 5,720 lots to 109,444 lots.
SHFE Aluminum Closes Up as Shorts Exit (Jun. 23, 2015)
SHFE 1508 aluminum drifted higher after opening at RMB 12,695/mt on Tuesday, but failed to break though the 10-day moving average.
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