Home / Metal News / Nickel / SHFE Aluminum Rises as Shorts Exit (Jul. 2, 2015)
SHFE Aluminum Rises as Shorts Exit (Jul. 2, 2015)
Jul 2,2015 16:36CST
price review forecast
Source:SMM
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

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news