SHFE Aluminum Falls Back from Highs (Apr. 13, 2016)-Shanghai Metals Market

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

Price Review & Forecast 05:02:40PM Apr 13, 2016 Source:SMM

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. 


Key Words:  SHFE aluminum prices 

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

Price Review & Forecast 05:02:40PM Apr 13, 2016 Source:SMM

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. 


Key Words:  SHFE aluminum prices