SHFE Aluminum Ends with Losses (Sept. 22, 2015)-Shanghai Metals Market

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

Price Review & Forecast 05:36:45PM Sep 22, 2015 Source:SMM

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. 




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

Price Review & Forecast 05:36:45PM Sep 22, 2015 Source:SMM

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.