Home / Metal News /  / SHFE Aluminum Rises on Short-Covering (Dec. 25, 2015)
SHFE Aluminum Rises on Short-Covering (Dec. 25, 2015)
Dec 25,2015 17:51CST
price review forecast
Source:SMM
SHFE 1603 aluminum briefly dipped to RMB 10,835/mt after opening at RMB 10,880/mt on Friday.

SHANGHAI, Dec. 25 (SMM) – SHFE 1603 aluminum briefly dipped to RMB 10,835/mt after opening at RMB 10,880/mt on Friday. Rising offers in spot market lured longs in, pushing the most active contract up to an intraday high of RMB 10,910/mt. Finally, the contract ended up RMB 20/mt or 0.18% at RMB 10,885/mt. Trading volumes were down 32,622 to 118,000, and positions were down 800 to 247,000. SHFE 1603 aluminum will gather more strength.  





Al price
aluminum prices
SHFE aluminum prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news