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

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

Price Review & Forecast 04:32:21PM Aug 27, 2015 Source:SMM

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.  


 


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

Price Review & Forecast 04:32:21PM Aug 27, 2015 Source:SMM

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.