SHFE Aluminum Rises on Long Buying (2016-3-28)

Published: Mar 28, 2016 17:07

Save

SHFE 1605 aluminum opened at RMB 11,725/mt on Monday.

SHANGHAI, Mar. 28 (SMM) – SHFE 1605 aluminum opened at RMB 11,725/mt on Monday. The most active contract jumped to RMB 11,830/mt, but then erased some gains on profit-taking at highs. Finally, it ended up RMB 100/mt at RMB 11,740/mt. Trading volumes were down 9,226 lots to 164,850 lots, and positions were down 274 to 211,640. SHFE aluminum are poised for more gains as market sentiment remains positive.

Al price aluminum prices 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

5 hours ago

Easing Geopolitical Risks Boosted Copper Prices, Contango Structure Continued as the Price Spread Narrowed [SMM BC Copper Commentary]

5 hours ago

7 hours ago

Data: SHFE, DCE market movement (Mar 24)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Mar , 2026

7 hours ago

8 hours ago

China First Heavy Industries Achieves Breakthrough with Successful Trial of 3500mm Copper Rolling Mill

China First Heavy Industries has successfully completed the trial rolling of the domestically designed and manufactured 3500mm copper and copper alloy wide and thick plate cold and hot rolling mill, the first of its kind in China, for Chinalco Luoyang Copper Processing Co., Ltd., achieving the goal one month ahead of schedule. This marks a major breakthrough for China in the field of high-end copper and copper alloy wide and thick plate rolling equipment.

8 hours ago