SHFE Aluminum Hits Six-Year Low on Entry of Shorts (Sept. 23, 2015)-Shanghai Metals Market

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SHFE Aluminum Hits Six-Year Low on Entry of Shorts (Sept. 23, 2015)

Price Review & Forecast 05:34:40PM Sep 23, 2015 Source:SMM

SHANGHAI, Sept. 23 (SMM) –SHFE 1512 aluminum hit a six-year low of RMB 11,755/mt during Tuesday’s night session. The contract moved higher after opening at RMB 11,790/mt on Wednesday, but still ended down RMB 85/mt or 0.71% at RMB 11,805/mt. Trading volumes were up 16,802 lots to 46,148 lots, and positions were up 11,706 lots to 136,000 lots. Bearish sentiment is still strong, so more declines could be on the way. 




SHFE Aluminum Hits Six-Year Low on Entry of Shorts (Sept. 23, 2015)

Price Review & Forecast 05:34:40PM Sep 23, 2015 Source:SMM

SHANGHAI, Sept. 23 (SMM) –SHFE 1512 aluminum hit a six-year low of RMB 11,755/mt during Tuesday’s night session. The contract moved higher after opening at RMB 11,790/mt on Wednesday, but still ended down RMB 85/mt or 0.71% at RMB 11,805/mt. Trading volumes were up 16,802 lots to 46,148 lots, and positions were up 11,706 lots to 136,000 lots. Bearish sentiment is still strong, so more declines could be on the way.