SMM Aluminum Market Daily Review (2015-8-25)-Shanghai Metals Market

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SMM Aluminum Market Daily Review (2015-8-25)

Price Review & Forecast 09:05:29AM Aug 26, 2015 Source:SMM

SHANGHAI, Aug. 26 (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. 

SHFE 1509 aluminum moved around RMB 11,860/mt on Tuesday. Aluminum prices were mainly between RMB 11,770-11,790/mt in Shanghai, discounts of RMB 70-90/mt over September aluminum on the SHFE, versus RMB 11,770-11,800/mt in Wuxi and RMB 11,760-11,780/mt in Hangzhou. Trading was mainly among traders. In the afternoon, traders raised offers by RMB 10/mt to RMB 11,780-11,790/mt after SHFE aluminum rose, with trading thin. 

 


SMM Aluminum Market Daily Review (2015-8-25)

Price Review & Forecast 09:05:29AM Aug 26, 2015 Source:SMM

SHANGHAI, Aug. 26 (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. 

SHFE 1509 aluminum moved around RMB 11,860/mt on Tuesday. Aluminum prices were mainly between RMB 11,770-11,790/mt in Shanghai, discounts of RMB 70-90/mt over September aluminum on the SHFE, versus RMB 11,770-11,800/mt in Wuxi and RMB 11,760-11,780/mt in Hangzhou. Trading was mainly among traders. In the afternoon, traders raised offers by RMB 10/mt to RMB 11,780-11,790/mt after SHFE aluminum rose, with trading thin.