SHFE Aluminum Rebounds on Short-Covering (Aug. 25, 2015)-Shanghai Metals Market

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SHFE Aluminum Rebounds on Short-Covering (Aug. 25, 2015)

Price Review & Forecast 04:11:14PM Aug 25, 2015 Source:SMM

SHANGHAI, Aug. 25 (SMM) – SHFE 1510 aluminum opened at RMB 11,855/mt on Tuesday. The most active contract ranged RMB 11,850-11,910/mt before ending up RMB 40/mt or 0.34% at RMB 11,870/mt. The rebound was driven by short-covering. Trading volumes were down 13,500 lots to 41,970 lots, and positions were down 5,340 lots. With bearish sentiment still lingering, the contract will lack momentum for more gains. 




SHFE Aluminum Rebounds on Short-Covering (Aug. 25, 2015)

Price Review & Forecast 04:11:14PM Aug 25, 2015 Source:SMM

SHANGHAI, Aug. 25 (SMM) – SHFE 1510 aluminum opened at RMB 11,855/mt on Tuesday. The most active contract ranged RMB 11,850-11,910/mt before ending up RMB 40/mt or 0.34% at RMB 11,870/mt. The rebound was driven by short-covering. Trading volumes were down 13,500 lots to 41,970 lots, and positions were down 5,340 lots. With bearish sentiment still lingering, the contract will lack momentum for more gains.