Home / Metal News / Lead / [Al Price] SHFE Aluminum Down as Shorts Enter (Aug. 6, 2015)
[Al Price] SHFE Aluminum Down as Shorts Enter (Aug. 6, 2015)
Aug 6,2015 16:36CST
price review forecast
Source:SMM
SHFE 1510 aluminum opened at RMB 12,075/mt on Thursday, and moved between RMB 12,040-12,080/mt in morning trade.

SHANGHAI, Aug. 6 (SMM) – SHFE 1510 aluminum opened at RMB 12,075/mt on Thursday, and moved between RMB 12,040-12,080/mt in morning trade. However, the light metal fell sharply in afternoon trade due to massive entry of shorts, and ended down RMB 85/mt at RMB 12,025/mt. Trading volumes were up 7,576 lots to 25,772 lots, and positions were up 2,942 lots to 149,000 lots. Smelter production cuts are not enough to offset growing new capacity and falling consumption, leaving the market depressed. So, SHFE 1510 aluminum remains vulnerable at RMB 12,000/mt. 





Al price
SHFE aluminum prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news