SHANGHAI, Aug. 3 (SMM) – SHFE 1510 aluminum contract fell to RMB 12,000/mt on Monday due to disappointing China manufacturing PMI for July. The contract moved below the daily moving average for most of the day as shorts dominated. Trading volumes were up 18,114 lots to 45,728 lots, and positions were up 7,554 lots to 148,000 lots. The contract should test support at RMB 12,000/mt.
[Al Price] SHFE Aluminum Fell on Disappointing China Manufacturing PMI (Aug. 3, 2015)
SHFE 1510 aluminum contract fell to RMB 12,000/mt on Monday due to disappointing China manufacturing PMI for July.
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