SHFE Aluminum Falls on Entry of Shorts (Sept. 1, 2015)-Shanghai Metals Market

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SHFE Aluminum Falls on Entry of Shorts (Sept. 1, 2015)

Price Review & Forecast 05:15:19PM Sep 01, 2015 Source:SMM

SHANGHAI, Sept. 1 (SMM) – SHFE 1511 aluminum quickly fell to RMB 11,825/mt after opening at RMB 11,880/mt on Tuesday. The most active contract rebounded later in the day, but then fell back again before ending down RMB 65/mt or 0.55% at RMB 11,825/mt. Trading volumes were up 16,882 lots to 50,776 lots, and positions were up 774 lots to 122,000 lots. 



SHFE Aluminum Falls on Entry of Shorts (Sept. 1, 2015)

Price Review & Forecast 05:15:19PM Sep 01, 2015 Source:SMM

SHANGHAI, Sept. 1 (SMM) – SHFE 1511 aluminum quickly fell to RMB 11,825/mt after opening at RMB 11,880/mt on Tuesday. The most active contract rebounded later in the day, but then fell back again before ending down RMB 65/mt or 0.55% at RMB 11,825/mt. Trading volumes were up 16,882 lots to 50,776 lots, and positions were up 774 lots to 122,000 lots.