Metals News
[Al Price]SHFE Aluminum Rallies due to Weakening Chinese yuan (Aug. 12, 2015)
price review forecast
17:28PM
Source:SMM

SHANGHAI, Aug. 12 (SMM) – China’s yuan dropped at a faster pace on Wednesday. SHFE 1510 aluminum started at RMB 12,065/mt and extended Tuesday night’s rising momentum to touch RMB 12,165/mt. The contract finally ended at RMB 12,135/mt, growing RMB 95/mt or 0.79%. Trading volumes slipped 1,112 to 49,638 lots and positions also dropped 2,484 to 144,000.

Markets still digest the news of China’s weakening yuan, which will increase export and cut import of raw materials, including aluminum alloy. This supported aluminum prices to move higher.  

SHFE aluminum prices
al price
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 Price

No Data