[Al Price] SHFE Aluminum Ends with Losses (Aug. 5, 2015)-Shanghai Metals Market

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[Al Price] SHFE Aluminum Ends with Losses (Aug. 5, 2015)

Price Review & Forecast 05:24:39PM Aug 05, 2015 Source:SMM

SHANGHAI, Aug. 5 (SMM) – SHFE 1510 aluminum hovered around RMB 12,090/mt after opening at RMB 12,140/mt on Wednesday. The light metal followed LME aluminum up to RMB 12,140/mt in the afternoon, but then fell back before ending lower at RMB 12,120/mt. Trading volumes were down 13,514 lots to 18,196 lots, and positions were up 1,026 lots to 146,000 lots. The contract was capped below the 5-day moving average, but did find support at RMB 12,000/mt mark. 





[Al Price] SHFE Aluminum Ends with Losses (Aug. 5, 2015)

Price Review & Forecast 05:24:39PM Aug 05, 2015 Source:SMM

SHANGHAI, Aug. 5 (SMM) – SHFE 1510 aluminum hovered around RMB 12,090/mt after opening at RMB 12,140/mt on Wednesday. The light metal followed LME aluminum up to RMB 12,140/mt in the afternoon, but then fell back before ending lower at RMB 12,120/mt. Trading volumes were down 13,514 lots to 18,196 lots, and positions were up 1,026 lots to 146,000 lots. The contract was capped below the 5-day moving average, but did find support at RMB 12,000/mt mark.