SHFE Aluminum Rebounds after Initial Loss (2016-3-30)

Mar 30, 2016 17:35

SHFE 1605 aluminum opened at RMB 11,760/mt on Wednesday.

SHANGHAI, Mar. 30 (SMM) – SHFE 1605 aluminum opened at RMB 11,760/mt on Wednesday. Exit of longs sent the most active contract down to RMB 11,710/mt, but prices then rebounded on short covering before ending down RMB 70/mt at RMB 11,740/mt. Trading volumes were down 75,660 lots to 107,466 lots, and positions were down 11,414 to 199,590. Technically, the most active contract should test support at the 5-day moving average.

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SHFE Aluminum Rebounds after Initial Loss (2016-3-30)

SMM Events & Webinars

2025 SMM India Session: Li-battery & PV Market Insights

2025 SMM Europe & Africa Lithium Resources Field Trip

Shanghai Metals Expo 2025