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SHFE Aluminum Rebounds after Initial Loss (2016-3-8)
Mar 8,2016 17:40
CSTprice review forecast
Source:SMM
SHFE 1605 aluminum opened at RMB 11,540/mt on Tuesday.
SHANGHAI, Mar. 8 (SMM) – SHFE 1605 aluminum opened at RMB 11,540/mt on Tuesday. The most active contract dipped to RMB 11,410/mt, but then bounced back to end at RMB 11,535/mt, up RMB 60/mt. Trading volumes were down 29,652 lots to 324,148 lots, and positions were down 7,416 to 251,428. The KDJ indicator suggests there is still room for prices to rise.
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