SHFE Aluminum Ends Up RMB 150/mt (2016-5-3)-Shanghai Metals Market

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SHFE Aluminum Ends Up RMB 150/mt (2016-5-3)

Price Review & Forecast 06:15:34PM May 03, 2016 Source:SMM

SHANGHAI, May 3 (SMM) – SHFE 1607 aluminum climbed to RMB 12,820/mt after opening at RMB 12,660/mt on Tuesday. The most active contract then fell back to RMB 12,695/mt, and finally ended up RMB 150/mt at RMB 12,755/mt. Trading volumes were down 47,946 lots to 111,152 lots, and positions were up 1,054 to 285,618. SHFE 1607 aluminum will move at highs in the near term.  


 


SHFE Aluminum Ends Up RMB 150/mt (2016-5-3)

Price Review & Forecast 06:15:34PM May 03, 2016 Source:SMM

SHANGHAI, May 3 (SMM) – SHFE 1607 aluminum climbed to RMB 12,820/mt after opening at RMB 12,660/mt on Tuesday. The most active contract then fell back to RMB 12,695/mt, and finally ended up RMB 150/mt at RMB 12,755/mt. Trading volumes were down 47,946 lots to 111,152 lots, and positions were up 1,054 to 285,618. SHFE 1607 aluminum will move at highs in the near term.