SHFE Aluminum Falls Despite PBOC Move (Aug. 26, 2015)-Shanghai Metals Market

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

Price Review & Forecast 04:46:55PM Aug 26, 2015 Source:SMM

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.  




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

Price Review & Forecast 04:46:55PM Aug 26, 2015 Source:SMM

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.