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[Al Price] SHFE Aluminum Ends with Gains (Aug. 4, 2015)
Aug 4, 2015 16:40Source:SMM
SHFE 1510 aluminum touched an intraday high of RMB 12,170/mt on Tuesday.
SHANGHAI, Aug. 4 (SMM) – SHFE 1510 aluminum touched an intraday high of RMB 12,170/mt on Tuesday. The light metal fell below RMB 12,100/mt at one point, but then rebounded to RMB 12,140/mt as Chinese stock market staged an impressive rally. Finally, the contract ended up RMB 50/mt at RMB 12,145/mt. Trading volumes were down 14,018 lots to 31,710 lots, and positions were down 2,776 lots to 145,000 lots. Technically speaking, the contract should be range-bound in the short term,
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