SHFE Aluminum Dragged Down by Plummeting China A-Share Market (Aug. 18, 2015)-Shanghai Metals Market

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SHFE Aluminum Dragged Down by Plummeting China A-Share Market (Aug. 18, 2015)

Price Review & Forecast 05:43:15PM Aug 18, 2015 Source:SMM

SHANGHAI, Aug. 18 (SMM) –SHFE 1510 aluminum drifted lower after opening at RMB 12,060/mt on Tuesday, due to plunging Chinese stock market. The most active contract touched day’s high of RMB 12,070/mt and day’s low of RMB 11,975/mt. Finally, it ended down RMB 75/mt or 0.62% at RMB 11,995/mt. Trading volumes were down 8,070 lots to 16,198 lots, and positions were down 650 lots to 139,000 lots. The contract suffered 4-day losing streak as positive impact from yuan’s depreciation has been digested. 



 


SHFE Aluminum Dragged Down by Plummeting China A-Share Market (Aug. 18, 2015)

Price Review & Forecast 05:43:15PM Aug 18, 2015 Source:SMM

SHANGHAI, Aug. 18 (SMM) –SHFE 1510 aluminum drifted lower after opening at RMB 12,060/mt on Tuesday, due to plunging Chinese stock market. The most active contract touched day’s high of RMB 12,070/mt and day’s low of RMB 11,975/mt. Finally, it ended down RMB 75/mt or 0.62% at RMB 11,995/mt. Trading volumes were down 8,070 lots to 16,198 lots, and positions were down 650 lots to 139,000 lots. The contract suffered 4-day losing streak as positive impact from yuan’s depreciation has been digested.