Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsConsultingSHANGHAI, Jul. 24 (SMM) –HSBC’s flash China manufacturing PMI for July hit 15-month low of 48.2. This caused SHFE 1510 aluminum contract to fall to RMB 12,280/mt early on Friday. But the contract returned above the daily moving average later to end at RMB 12,270/mt. Trading volumes totaled 29,574 lots, and positions were up 4,984 lots to 146,574 lots. More losses might lie ahead, given poor market fundamentals and negative PMI.
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