SHFE Aluminum Ends in Losses (Sept. 14, 2015)

SHANGHAI, Sept. 14 (SMM) – SHFE 1511 aluminum rose to RMB 12,055/mt in morning session due to exit of shorts, but fell to RMB 11,980/mt in the afternoon due to exit of longs. Finally, the most active contract ended down RMB 35/mt or 0.29% at RMB 12,010/mt. Trading volumes were up 738 lots to 25,476 lots, and positions were down 1,360 lots to 116,000 lots. The contract has found strong support at the 5-day moving average and RMB 12,000/mt.