SHANGHAI, 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.
SHFE Aluminum Ends with Slim Gains (Aug. 13, 2015)
Key Words: Al price SHFE aluminum prices
