[Al Price] SMM Aluminum Market Daily Review (2015-8-7)

Aug 10, 2015 09:01

SHFE 1510 aluminum opened at RMB 11,970/mt last Friday.

SHANGHAI, Aug. 10 (SMM) –SHFE 1510 aluminum opened at RMB 11,970/mt last Friday. The contract fell back shortly after rising to RMB 12,000/mt, and dropped further to RMB 11,910/mt in the afternoon. Finally, it ended down RMB 65/mt at RMB 11,960/mt. Trading volumes were up 11,268 lots to 37,040 lots, and positions were up 1,550 lots to 150,000 lots.

Aluminum prices were mainly between RMB 11,900-11,920/mt in Shanghai last Friday, premiums of RMB 0-20/mt over August aluminum on the SHFE, versus RMB 11,890-11,910/mt in Wuxi and RMB 11,900-11,920/mt in Hangzhou. Sellers asked for premiums earlier in the day, but were forced to cut offers later due to thin trading. In the afternoon, market turned quiet.

Al price

SHFE aluminum prices

Shanghai aluminum prices

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[Al Price] SMM Aluminum Market Daily Review (2015-8-7)

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