Home / Metal News / SHFE Aluminum Records 9-Day Losing Streak (Oct. 22, 2015)

SHFE Aluminum Records 9-Day Losing Streak (Oct. 22, 2015)

iconOct 22, 2015 17:15
Source:SMM
SHFE 1601 aluminum opened at RMB 10,800/mt on Thursday.

SHANGHAI, Oct. 22 (SMM) –SHFE 1601 aluminum opened at RMB 10,800/mt on Thursday. The contract suffered selloffs after it climbed to RMB 10,855/mt, hitting a new near 7-year low of RMB 10,700/mt. Longs went bargain hunting later in the day, pushing the contract up slightly. However, it still ended down RMB 105/mt or 0.97% at RMB 10,720/mt. Trading volumes were up 6,214 lots to 115,000 lots, and positions were up 14,410 to 163,000. Moving averages are pointing downward, and KDJ remains in oversold territory. 




Al price
SHFE aluminum prices

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All