SHFE Aluminum Ends with Slim Gains (Sept. 7, 2015)-Shanghai Metals Market

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SHFE Aluminum Ends with Slim Gains (Sept. 7, 2015)

Price Review & Forecast 05:28:02PM Sep 07, 2015 Source:SMM

SHANGHAI, Sept. 7 (SMM) – SHFE 1511 aluminum rose to RMB 11,915/mt after opening at RMB 11,840/mt on Monday. But the most active contract met strong resistance at the 5-day and 10-day moving averages and fell back. In the afternoon, the light metal drifted higher before ending up RMB 35/mt or 0.30% at RMB 11,885/mt. Trading volumes were down 990 lots to 18,490 lots, and positions were down 924 lots to 120,000 lots.  

 


SHFE Aluminum Ends with Slim Gains (Sept. 7, 2015)

Price Review & Forecast 05:28:02PM Sep 07, 2015 Source:SMM

SHANGHAI, Sept. 7 (SMM) – SHFE 1511 aluminum rose to RMB 11,915/mt after opening at RMB 11,840/mt on Monday. But the most active contract met strong resistance at the 5-day and 10-day moving averages and fell back. In the afternoon, the light metal drifted higher before ending up RMB 35/mt or 0.30% at RMB 11,885/mt. Trading volumes were down 990 lots to 18,490 lots, and positions were down 924 lots to 120,000 lots.