SHFE 1607 Aluminum Rebounds after Continuous Declines (2016-5-11)-Shanghai Metals Market

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SHFE 1607 Aluminum Rebounds after Continuous Declines (2016-5-11)

Price Review & Forecast 06:12:13PM May 11, 2016 Source:SMM

SHANGHAI, May 11 (SMM) – On Tuesday’s night trading, SHFE 1607 aluminum climbed to RMB 11,975/mt after opening at RMB 11,875/mt, and finally ended at RMB 11,935/mt.   

On Wednesday, SHFE 1607 aluminum jumped to RMB 12,130/mt after opening at RMB 11,945/mt. Finally, the most active contract ended up RMB 215/mt at RMB 12,120/mt. Trading volumes were down 50,798 lots to 189,674 lots, and positions were up 3,296 to 252,526. SHFE 1607 aluminum broke through RMB 12,000/mt as long buying boosted market confidence. 

   



SHFE 1607 Aluminum Rebounds after Continuous Declines (2016-5-11)

Price Review & Forecast 06:12:13PM May 11, 2016 Source:SMM

SHANGHAI, May 11 (SMM) – On Tuesday’s night trading, SHFE 1607 aluminum climbed to RMB 11,975/mt after opening at RMB 11,875/mt, and finally ended at RMB 11,935/mt.   

On Wednesday, SHFE 1607 aluminum jumped to RMB 12,130/mt after opening at RMB 11,945/mt. Finally, the most active contract ended up RMB 215/mt at RMB 12,120/mt. Trading volumes were down 50,798 lots to 189,674 lots, and positions were up 3,296 to 252,526. SHFE 1607 aluminum broke through RMB 12,000/mt as long buying boosted market confidence.