SHFE Aluminum Ends Up RMB 60/mt (Aug. 28, 2015)-Shanghai Metals Market

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SHFE Aluminum Ends Up RMB 60/mt (Aug. 28, 2015)

Price Review & Forecast 04:41:37PM Aug 28, 2015 Source:SMM

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)

Price Review & Forecast 04:41:37PM Aug 28, 2015 Source:SMM

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.