SHFE Aluminum Falls Back from Highs (Apr. 13, 2016)

Apr 13, 2016 17:02

SHFE 1606 aluminum opened higher at RMB 11,835/mt overnight and increased to RMB 12,055/mt with longs gathering strength.

SHANGHAI, Apr. 13 (SMM) – SHFE 1606 aluminum opened higher at RMB 11,835/mt overnight and increased to RMB 12,055/mt with longs gathering strength, to close at RMB 11,975/mt.

SHFE 1606 aluminum started at RMB 11,970/mt on Wednesday and climbed higher to RMB 12,075/mt with growing longs. But in the afternoon business, the contract dived to RMB 11,915/mt and ended at RMB 11,945/mt, a gain of RMB 155/mt. Trading volumes were up 186,000 to 274,114 lots with positions up 7,776.

SHFE 1606 aluminum may challenge RMB 12,000/mt tonight.

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 Falls Back from Highs (Apr. 13, 2016)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025