SHFE Aluminum Rises as Rising A-Share Market Boosts Sentiment (Aug. 27, 2015)

Published: Aug 27, 2015 16:32 (GMT+8)

Save

SHFE 1511 aluminum climbed to RMB 11,900/mt after opening higher at RMB 11,850/mt on Thursday.

SHANGHAI, Aug. 27 (SMM) – SHFE 1511 aluminum climbed to RMB 11,900/mt after opening higher at RMB 11,850/mt on Thursday. The contract fell back to RMB 11,820/mt later. Chinese A-share market rose sharply in the afternoon, allowing the most active contract to rebound before ending up RMB 20/mt or 0.17% at RMB 11,875/mt. Trading volumes were down 8,732 lots to 21,710 lots, and positions were up 2,552 lots to 120,000 lots. The 5-day moving average will continue to pose strong resistance.

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 for 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

16 mins ago

Hebei Yingshang Aluminum Co., Ltd. Supports SMM in Creating the "2027 China Wire and Cable Industry Distribution Map"

16 mins ago

1 hour ago

SHFE Copper Warrants Up 622 mt, Backwardation Widens as Delivery Nears

[SMM Copper Flash] According to SHFE copper futures warrant data, warrants increased by 622 mt today, with changes mainly in Shanghai, Jiangsu, and Zhejiang; they increased by 397 mt, remained flat, and remained flat, respectively. The total increase was 622 mt, bringing total warrants to 9,407 mt. As delivery approaches, the backwardation widened, and spot premiums continued to decline.

1 hour ago

【Flash | Armenian Ferromolybdenum Gains Zero-Tariff Access to European Union Market】

Regulation 2026/2269 of the European Parliament and of the Council, published in the Official Journal of the European Union on October 9, took effect on October 10. Its first annex covers ferro-alloys under Combined Nomenclature heading 7202 and other metal oxides under heading 2825. Qualifying Armenian-origin ferromolybdenum and molybdenum oxides and hydroxides can therefore enter the European Union free of ad valorem import duty. The measure applies until October 11, 2028, subject to origin, documentation, suspension and safeguard provisions. The move from anticipated relief to effective zero-duty access strengthens the competitiveness of Armenian molybdenum products, while any increase in trade volumes remains to be confirmed.

1 hour ago