SHANGHAI, Aug. 28 (SMM) – SHFE 1511 aluminum opened at RMB 11,940/mt on Friday. The contract rose to RMB 11,980/mt before falling back to around RMB 11,940/mt. Finally, the most active contract ended up RMB 60/mt or 0.51% at RMB 11,935/mt. Trading volumes were up 9,854 lots to 31,564 lots. The 10-day moving average will continue to pose strong resistance.
SHFE Aluminum Ends Up RMB 60/mt (Aug. 28, 2015)
SHFE 1511 aluminum opened at RMB 11,940/mt on Friday.
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.
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