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SMM Aluminum Market Daily Review (2015-8-14)
Aug 17,2015 09:27CST
price review forecast
SHFE 1510 aluminum opened at RMB 12,135/mt on Friday.

SHANGHAI, Aug. 17 (SMM) –SHFE 1510 aluminum opened at RMB 12,135/mt on Friday. The contract fell to an intraday low of RMB 12,085/mt as longs exited. Finally, it ended down RMB 70/mt or 0.57% at RMB 12,110/mt. Trading volumes were down 30,932 lots to 21,436 lots, and positions were down 658 lots to 140,000 lots. The 10-day and 20-day moving averages are still pointing downward, boding ill for the contract.

Aluminum prices were mainly between RMB 11,960-11,980/mt in Shanghai on Friday, discounts of RMB 30-50/mt over August aluminum on the SHFE, versus RMB 11,950-11,980/mt in Wuxi and RMB 11,970-11,980/mt in Hangzhou. Sellers showed high selling interest, but processors remained little interest in buying. Trading was mainly contributed by traders. In the afternoon, trading became quiet. 

Al price
SHFE aluminum prices
Shanghai aluminum prices

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