SHFE Aluminum Rises as China A-Share Shoots Up (Sept. 8, 2015)-Shanghai Metals Market

Hot Keywords

  • Copper
  • Production data
  • 2019 South China Metals Summit
  • Zinc
  • Inventory data
  • Market commentary
  • Macroeconomics
  • Sales data
  • Aluminium
  • trend forecast
  • iron ore
  • Operation update
  • MMi Iron Ore Port Index
  • Lithium hydroxide
  • Futures movement

SHFE Aluminum Rises as China A-Share Shoots Up (Sept. 8, 2015)

Price Review & Forecast 05:09:27PM Sep 08, 2015 Source:SMM

SHANGHAI, Sept. 8 (SMM) – SHFE 1511 aluminum moved around the 5-day and 10-day moving averages after opening at RMB 11,885/mt on Tuesday. The Shanghai Composite Index shot up in the last hour of the trading day, allowing the most active contract to close at an intraday high of RMB 11,915/mt, up RMB 30/mt or 0.25% . Trading volumes were up 6,088 lots to 24,578 lots, and positions were down 3,958 lots to 116,000 lots. With poor market fundamentals, prices are unlikely to extend gains.  



SHFE Aluminum Rises as China A-Share Shoots Up (Sept. 8, 2015)

Price Review & Forecast 05:09:27PM Sep 08, 2015 Source:SMM

SHANGHAI, Sept. 8 (SMM) – SHFE 1511 aluminum moved around the 5-day and 10-day moving averages after opening at RMB 11,885/mt on Tuesday. The Shanghai Composite Index shot up in the last hour of the trading day, allowing the most active contract to close at an intraday high of RMB 11,915/mt, up RMB 30/mt or 0.25% . Trading volumes were up 6,088 lots to 24,578 lots, and positions were down 3,958 lots to 116,000 lots. With poor market fundamentals, prices are unlikely to extend gains.