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Home / Metal News / [Al Price] SHFE Aluminum Fell on Negative China Manufacturing PMI (Jul. 24, 2015)

[Al Price] SHFE Aluminum Fell on Negative China Manufacturing PMI (Jul. 24, 2015)

Jul 24, 2015 17:02

Source:SMM

HSBC’s flash China manufacturing PMI for July hit 15-month low of 48.2.

SHANGHAI, 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.

Al price

SHFE aluminum prices

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[Al Price] SHFE Aluminum Fell on Negative China Manufacturing PMI (Jul. 24, 2015)

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