SHANGHAI, Jul. 22 (SMM) –SHFE 1510 aluminum contract fell in the afternoon as shorts flooded in, and ended at an intraday low of RMB 12,355/mt. Trading volumes totaled 34,332 lots, and positions were up 11,578 lots to 134,002 lots. Technically, prices are likely to fall further.
[Al Price] SHFE Aluminum Ends at Intraday Low as Shorts Enter (Jul. 22, 2015)
SHFE 1510 aluminum contract fell in the afternoon as shorts flooded in, and ended at an intraday low of RMB 12,355/mt.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn