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SHFE Aluminum Sees Big Volatility (2016-3-24)
Mar 24,2016 17:04CST
price review forecast
Source:SMM
SHFE 1605 aluminum opened at RMB 11,475/mt on Thursday.

SHANGHAI, Mar. 24 (SMM) – SHFE 1605 aluminum opened at RMB 11,475/mt on Thursday. Long buying sent the most active contract up to RMB 11,640/mt, but prices then pulled back due to profit-taking by longs. Finally, it ended up RMB 20/mt at RMB 11,525/mt. Trading volumes were up 147,000 lots to 241,820 lots, and positions were down 19,452 to 190,994. Positions of SHFE 1607 aluminum were up 13,992 to 116,532. Technical side still looks positive. 



 


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