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Home / Metal News / SHFE Aluminum Rises as Shorts Exit (Jul. 2, 2015)

SHFE Aluminum Rises as Shorts Exit (Jul. 2, 2015)

Jul 2, 2015 16:36

SHFE 1509 aluminum contract hovered narrowly below the daily moving average on Thursday.

SHANGHAI, Jul. 2 (SMM) – SHFE 1509 aluminum contract hovered narrowly below the daily moving average on Thursday, and closed the day at RMB 12,670/mt. Trading volumes totaled 48,928 lots, and positions were down 4,450 lots to 127,104 lots. The price rise was accompanied with decline in positions, suggesting that longs were cautious about entering and there might be little room for more gains.

SHFE aluminum prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SMM Comments

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Feb 11, 2015 18:04

SMM Comments

SMM Aluminum Market Daily Review (2015-2-4)

On Tuesday night, SHFE 1504 aluminum contract dropped to RMB 13,105/mt due to profit-taking at highs after starting at RMB 13,200/mt.

Feb 5, 2015 09:27

SMM Comments

SMM Aluminum Market Daily Review (2015-1-29)

On Wednesday night, SHFE 1504 aluminum contract slipped to RMB 12,840/mt after starting at RMB 12,870/mt, and finished the night session at RMB 12,855/mt.

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SMM Comments

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SMM Comments

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Jan 26, 2015 09:53

SMM Comments

SMM Aluminum Market Daily Review (2015-1-22)

On Wednesday night, SHFE 1503 aluminum contract shot up after starting at RMB 12,760/mt, and finished the night session at RMB 12,835/mt.

Jan 23, 2015 09:06

SMM Comments

SMM Aluminum Market Daily Review (2015-1-21)

–On Tuesday night, SHFE 1503 aluminum contract slipped to RMB 12,750/mt after starting at RMB 12,820/mt, and finished the night session at RMB 12,815/mt.

Jan 22, 2015 09:23

SMM Comments

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SHFE Aluminum Rises as Shorts Exit (Jul. 2, 2015)

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