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Home / Metal News / SHFE Aluminum Ends with Losses (Sept. 22, 2015)

SHFE Aluminum Ends with Losses (Sept. 22, 2015)

iconSep 22, 2015 17:36
SHFE 1512 aluminum rose to the 20-day moving average after opening at RMB 11,840/mt on Tuesday, due to entry of longs.

SHANGHAI, Sept. 22 (SMM) –SHFE 1512 aluminum rose to the 20-day moving average after opening at RMB 11,840/mt on Tuesday, due to entry of longs. However, shorts jumped in at RMB 11,940/mt, causing the contract to pare gains and end down RMB 30/mt or 0.25% at RMB 11,890/mt. Trading volumes were down 5,872 lots to 29,346 lots, and positions were up 6,060 lots to 124,000 lots. Bearish sentiment is still strong. 




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