Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
DashboardDatabaseProReportsEventsCar Insight
Download our mobile app to
your devices
SHFE Aluminum Rose on Rumors of Planned Production Cuts (Jul. 16, 2015)
Jul 16, 2015 16:12Source:SMM
SHFE 1509 aluminum contract fell slightly on Thursday morning, but jumped above the 20-day moving average to RMB 12,655/mt in the afternoon on rumors of planned production cuts at smelters.
SHANGHAI, Jul. 16 (SMM) –SHFE 1509 aluminum contract fell slightly on Thursday morning, but jumped above the 20-day moving average to RMB 12,655/mt in the afternoon on rumors of planned production cuts at smelters. The contract ended the day at RMB 12,545/mt. Trading volumes totaled 54,318 lots, and positions were down 5,264 lots to 117,958 lots. The price rise was accompanied with falling positions, implying that longs remained cautious about entering.
SHFE aluminum prices
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
LME Aluminum to Struggle around Moving Averages (2017-8-2)
LME aluminum should continue struggling around moving averages and range USD 1,903-1,917/mt today.
Aug 2, 2017 09:34
SHFE 1709 Aluminum Meets Strong Resistance (2017-8-1)
SHFE 1709 aluminum opened at RMB 14,455/mt on Tuesday.
Aug 1, 2017 18:32
SHFE 1709 Aluminum Rises Sharply (2017-7-31)
SHFE 1709 aluminum rose sharply on Monday as lots of positive news attracted longs to raise bullish bets.
Jul 31, 2017 19:09
LME Aluminum to Fall Back from Highs (2017-7-28)
LME aluminum will fall back to USD 1,930-1,950/mt today deu to strong resistance at above USD 1,950/mt.
Jul 28, 2017 09:42LME Aluminum to Rise (2017-7-27)
The US dollar index fell to its lowest since July at 93.349 following the US Fed’s decision not to hike rate.
Jul 27, 2017 09:46SHFE 1709 Aluminum Rises on Long Buying (2017-7-25)
SHFE 1709 aluminum opened at RMB 14,465/mt on Tuesday.
Jul 25, 2017 19:50SHFE 1709 Aluminum Falls Back After Rising Initially (2017-7-20)
SHFE 1709 aluminum opened at RMB 14,430/mt on Thursday, and jumped to RMB 14,520/mt.
Jul 20, 2017 17:28
SMM Events & Webinars
All- Oct09
NET ZERO EUROPE - Solar & Energy Storage Summit
Oct 09 - 10,2024To Be Determined
- Oct08
2nd Li-ion Battery Europe 2024
Oct 08 - 10,2024THE EGG BRUSSELS, BELGIUM
- Jun24
2024 Global Renewable Metal Industry Chain Summit
Jun 24 - 25,2024To foster international cooperation and dialogue among industry colleaguesKuala Lumpur , Malaysia
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.
