Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsConsultingSHANGHAI, Aug. 13 (SMM) – SHFE 1510 aluminum opened flat at RMB 12,225/mt on Thursday. The contract fell to near RMB 12,088/mt as yuan depreciation has been digested by markets. The light metal rebounded later in the day, ending up RMB 5/mt at RMB 12,140/mt. Trading volumes were up 2,730 lots to 52,368 lots, and positions were down 3,716 lots to 141,000 lots. Exit of shorts pushed prices for the light metal up. That said, technical chart shows that prices will lack upward momentum.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn