[Al Price] SHFE Aluminum Ends with Gains (Aug. 4, 2015)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Zinc
  • Futures movement
  • Aluminium
  • hydrogenation stations
  • Nickel
  • Copper
  • nickel laterite
  • In the United States
  • Morning comments
  • Market commentary
  • Nickel ore

[Al Price] SHFE Aluminum Ends with Gains (Aug. 4, 2015)

Price Review & Forecast 04:40:23PM Aug 04, 2015 Source:SMM

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,   





[Al Price] SHFE Aluminum Ends with Gains (Aug. 4, 2015)

Price Review & Forecast 04:40:23PM Aug 04, 2015 Source:SMM

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,