SHFE Aluminum Falls Despite PBOC Move (Aug. 26, 2015)

Published: Aug 26, 2015 16:46

Save

SHFE 1510 aluminum sank to RMB 11,860/mt after opening at RMB 11,910/mt on Wednesday.

SHANGHAI, Aug. 26 (SMM) – SHFE 1510 aluminum sank to RMB 11,860/mt after opening at RMB 11,910/mt on Wednesday. The contract ended down RMB 15/mt or 0.13% at RMB 11,855/mt. Trading volumes were down 1,818 lots to 40,152 lots, and positions were down 3,460 lots to 118,000 lots. SHFE 1511 aluminum contract has become the most active one. Despite PBOC’s monetary easing, aluminum prices failed to sustain gains. More losses are expected.

Al price SHFE aluminum prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

9 hours ago

Aluminum Producers' Operating Rates Rebound to 61.9%; High Prices Challenge "Golden March" Peak Season [SMM Survey]

[SMM Weekly Survey of the Aluminum Downstream Sector: Downstream Aluminum Operating Rate Continued to Rebound to 61.9%, with High Prices Suppressing the Peak "Golden March" Season] This week, the weekly operating rate of leading downstream aluminum processing enterprises in China rose 2.4 percentage points MoM to 61.9%, overall extending the post-holiday recovery trend, with all segments rebounding MoM, and the industry as a whole entering a normal production pace.

9 hours ago

12 hours ago

ADC12 Prices Rose Again This Week[[Weekly Review of Aluminum Scrap and Secondary Aluminum]]

[[Weekly Review of Aluminum Scrap and Secondary Aluminum]]Aluminum Prices Strengthened This Week, Rising Costs Drove Up ADC12 Prices

12 hours ago

13 hours ago

SHFE Cast Aluminum Alloy Warrants Down 540 mt to 55,360 mt on March 12

[SMM Flash News] SHFE data showed that as of March 12, the total registered volume of cast aluminum alloy warrants was 55,360 mt, down 540 mt from the previous trading day. By region, the total registered volume was Shanghai (4,930 mt, down 150 mt), Guangdong (19,242 mt, unchanged), Jiangsu (6,756 mt, down 149 mt), Zhejiang (18,540 mt, down 182 mt), Chongqing (4,144 mt, down 90 mt), and Sichuan (1,748 mt, down 59 mt).

13 hours ago