SHFE Aluminum Rebounds on Profit-Taking by Shorts (Nov. 20, 2015)

Published: Nov 20, 2015 17:21

Save

SHFE 1601 aluminum opened at RMB 9,760/mt on Friday.

SHANGHAI, Nov. 20 (SMM) –SHFE 1601 aluminum opened at RMB 9,760/mt on Friday. The contract hit a high of RMB 10,090/mt in the afternoon as more shorts took profit, but then gave back some earlier gains due to exit of longs. Finally, SHFE 1601 aluminum contract ended up RMB 115/mt at RMB 9,935/mt, with strong resistance at the 5-day moving average. Trading volumes totaled 486,316 lots, and positions were down 24,064 to 221,828. SHFE 1602 aluminum contract became the most active one today.

Al price SHFE aluminum prices

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 to learn 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

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14

Feb 6, 2026 11:59

The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend]

Feb 6, 2026 11:59

Feb 6, 2026 08:49

The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Fluctuated Rangebound During the Night Session, Downstream Enterprises Mostly Followed Up with Small-Lot Transactions]

Feb 6, 2026 08:49