[Al Price] SHFE Aluminum Fell on Negative Economic Data (Aug. 10, 2015)-Shanghai Metals Market

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[Al Price] SHFE Aluminum Fell on Negative Economic Data (Aug. 10, 2015)

Price Review & Forecast 05:55:04PM Aug 10, 2015 Source:SMM

SHANGHAI, Aug. 10 (SMM) – SHFE 1510 aluminum failed in its attempts to climb above RMB 12,000/mt on Monday, and ended the day at RMB 11,965/mt. Trading volumes were down 9,350 lots to 27,690 lots, and positions were up 2,556 lots to 153,000 lots. China’s foreign trade data for July, released this past weekend, were depressing. China’s PPI continued falling in July. The contract should stay below the 5-day moving average in the short term.  







[Al Price] SHFE Aluminum Fell on Negative Economic Data (Aug. 10, 2015)

Price Review & Forecast 05:55:04PM Aug 10, 2015 Source:SMM

SHANGHAI, Aug. 10 (SMM) – SHFE 1510 aluminum failed in its attempts to climb above RMB 12,000/mt on Monday, and ended the day at RMB 11,965/mt. Trading volumes were down 9,350 lots to 27,690 lots, and positions were up 2,556 lots to 153,000 lots. China’s foreign trade data for July, released this past weekend, were depressing. China’s PPI continued falling in July. The contract should stay below the 5-day moving average in the short term.