SHFE Aluminum Ends in Losses (Sept. 14, 2015)-Shanghai Metals Market

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

Price Review & Forecast 06:35:11PM Sep 14, 2015 Source:SMM

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. 





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

Price Review & Forecast 06:35:11PM Sep 14, 2015 Source:SMM

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.