SHFE Aluminum Returns above RMB 12,000/mt on Exit of Shorts (Aug. 20, 2015)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Morning comments
  • Stainless steel
  • Mengtai Group
  • Aluminium
  • Copper
  • Nickel
  • Futures movement
  • hydrogen stations
  • trade negotiations

SHFE Aluminum Returns above RMB 12,000/mt on Exit of Shorts (Aug. 20, 2015)

Price Review & Forecast 05:09:23PM Aug 20, 2015 Source:SMM

SHANGHAI, Aug. 20 (SMM) – SHFE 1510 aluminum rose to RMB 12,045/mt after opening at RMB 11,960/mt on Thursday. But the contract failed to break through the 5-day and 10-day moving averages. Trading volumes were up 1,342 lots to 26,696 lots, and positions were down 2,918 lots to 133,000 lots. 





SHFE Aluminum Returns above RMB 12,000/mt on Exit of Shorts (Aug. 20, 2015)

Price Review & Forecast 05:09:23PM Aug 20, 2015 Source:SMM

SHANGHAI, Aug. 20 (SMM) – SHFE 1510 aluminum rose to RMB 12,045/mt after opening at RMB 11,960/mt on Thursday. But the contract failed to break through the 5-day and 10-day moving averages. Trading volumes were up 1,342 lots to 26,696 lots, and positions were down 2,918 lots to 133,000 lots.