Home / Metal News /  / SHFE 1606 Aluminum Struggles around RMB 12,000/mt (2016-4-18)
SHFE 1606 Aluminum Struggles around RMB 12,000/mt (2016-4-18)
Apr 18,2016 18:29CST
SMM Comments
Source:SMM
SHFE 1606 aluminum opened at RMB 11,935/mt on Monday.

SHANGHAI, Apr. 18 (SMM) – SHFE 1606 aluminum opened at RMB 11,935/mt on Monday. Long buying pushed prices up to RMB 12,010/mt, but prices then fell back on short selling at highs. Finally, the most active contract ended down RMB 5/mt at RMB 11,955/mt. Trading volumes were up 8,560 lots to 140,130 lots, and positions were down 2,170 to 276,302. SHFE aluminum was little affected by tumbling crude oil, supported by strong market fundamentals. 

 



   


Al price
aluminum prices
SHFE aluminum prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news