SHFE 1607 Aluminum Ends with Declines (2016-5-13)-Shanghai Metals Market

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SHFE 1607 Aluminum Ends with Declines (2016-5-13)

Price Review & Forecast 05:18:58PM May 13, 2016 Source:SMM

SHANGHAI, May 13 (SMM) – On Thursday’s night trading, SHFE 1607 aluminum fell to RMB 11,855/mt after opening at RMB 12,080/mt, and finally ended at RMB 11,955/mt.   

On Friday, SHFE 1607 aluminum dropped to RMB 11,875/mt after opening at RMB 11,950/mt. But the most active contract then rebounded to RMB 12,115/mt on long buying, and finally ended down RMB 75/mt at RMB 12,070/mt. Trading volumes were up 62,290 lots to 252,344 lots, and positions were up 2,922 to 256,480. SHFE 1607 aluminum will hover around RMB 12,000/mt in the near term. 

   



SHFE 1607 Aluminum Ends with Declines (2016-5-13)

Price Review & Forecast 05:18:58PM May 13, 2016 Source:SMM

SHANGHAI, May 13 (SMM) – On Thursday’s night trading, SHFE 1607 aluminum fell to RMB 11,855/mt after opening at RMB 12,080/mt, and finally ended at RMB 11,955/mt.   

On Friday, SHFE 1607 aluminum dropped to RMB 11,875/mt after opening at RMB 11,950/mt. But the most active contract then rebounded to RMB 12,115/mt on long buying, and finally ended down RMB 75/mt at RMB 12,070/mt. Trading volumes were up 62,290 lots to 252,344 lots, and positions were up 2,922 to 256,480. SHFE 1607 aluminum will hover around RMB 12,000/mt in the near term.