SHFE Aluminum Tracks Chinese A-Share Market Up (Sept. 16, 2015)

Published: Sep 16, 2015 16:13
SHFE 1511 aluminum dipped to RMB 11,875/mt after opening at RMB 11,930/mt on Wednesday.

SHANGHAI, Sept. 16 (SMM) – SHFE 1511 aluminum dipped to RMB 11,875/mt after opening at RMB 11,930/mt on Wednesday. But the contract rebounded later as Chinese stock market rebounded significantly, ending up RMB 35/mt or 0.29% at RMB 11,935/mt. Trading volumes were down 9,152 lots to 18,628 lots, and positions were down 604 lots to 114,000 lots. 





Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
China's Secondary Aluminum Ingot Inventory Down 246 mt to 12,701 mt in Key Consumption Areas
3 hours ago
China's Secondary Aluminum Ingot Inventory Down 246 mt to 12,701 mt in Key Consumption Areas
Read More
China's Secondary Aluminum Ingot Inventory Down 246 mt to 12,701 mt in Key Consumption Areas
China's Secondary Aluminum Ingot Inventory Down 246 mt to 12,701 mt in Key Consumption Areas
[SMM Aluminum Flash] China's social inventory of secondary aluminum ingots in the three major consumption areas stood at 12,701 mt today, down 246 mt from the previous trading day.
3 hours ago
US Treasury yields continue to hit new highs, hawkish US Fed expectations drag aluminum prices down [SMM Aluminum Morning Meeting Summary]
4 hours ago
US Treasury yields continue to hit new highs, hawkish US Fed expectations drag aluminum prices down [SMM Aluminum Morning Meeting Summary]
Read More
US Treasury yields continue to hit new highs, hawkish US Fed expectations drag aluminum prices down [SMM Aluminum Morning Meeting Summary]
US Treasury yields continue to hit new highs, hawkish US Fed expectations drag aluminum prices down [SMM Aluminum Morning Meeting Summary]
[US Treasury yields continue to hit new highs as hawkish Fed expectations weigh on aluminum price rise] Overall, with China's continued destocking in fundamentals combined with recovering demand in the peak season, there is still strong support below, and aluminum prices are expected to continue to consolidate at highs.
4 hours ago
Ex-China prices decline, import losses persist [SMM cast aluminum alloy morning comment]
4 hours ago
Ex-China prices decline, import losses persist [SMM cast aluminum alloy morning comment]
Read More
Ex-China prices decline, import losses persist [SMM cast aluminum alloy morning comment]
Ex-China prices decline, import losses persist [SMM cast aluminum alloy morning comment]
[SMM cast aluminum alloy morning comment: Offers outside China moved down, import losses continued] Overnight, the most-traded AD2611 cast aluminum alloy contract opened at 23,335 yuan/mt, shot up to 23,385 yuan/mt after the open before bulls lost momentum, then pulled back step by step, dipped to a low of 23,210 yuan/mt during the session, and consolidated to recover near the close, settling at 23,275 yuan/mt...
4 hours ago
SHFE Aluminum Tracks Chinese A-Share Market Up (Sept. 16, 2015) - Shanghai Metals Market (SMM)