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Home / Metal News / SHFE Aluminum Hit New Low on Growing Pessimism (Jun. 30, 2015)

SHFE Aluminum Hit New Low on Growing Pessimism (Jun. 30, 2015)

iconJun 30, 2015 16:06
On Tuesday, SHFE nickel opened at a daily downside limit, souring sentiment in base metals market.
SHANGHAI, Jun. 30 (SMM) – On Tuesday, SHFE nickel opened at a daily downside limit, souring sentiment in base metals market. This caused SHFE 1509 aluminum contract to plunge to RMB 12,560/mt. The light metal rebounded in the afternoon, but failed to break through the daily moving average, closing at RMB 12,625/mt. Trading volumes totaled 49,992 lots, and positions were up 5,748 lots to 124,950 lots. More declines are expected on the way.  
 
 
 
 
SHFE aluminum prices
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