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SHFE 1607 Aluminum Ends Up RMB 105/mt (2016-5-20)
May 20,2016 17:17CST
price review forecast
Source:SMM
On Thursday’s night trading, SHFE 1607 aluminum dipped to RMB 12,265/mt after opening at RMB 12,285/mt, but then rallied to end at RMB 12,380/mt.

SHANGHAI, May 20 (SMM) – On Thursday’s night trading, SHFE 1607 aluminum dipped to RMB 12,265/mt after opening at RMB 12,285/mt, but then rallied to end at RMB 12,380/mt. 

On Friday, exit of longs sent SHFE 1607 aluminum down to RMB 12,340/mt after opening at RMB 12,380/mt. But short covering allowed the most active contract to return to RMB 12,445/mt later, and finally ended up RMB 105/mt at RMB 12,435/mt. Trading volumes were down 27,516 lots to 154,288 lots, and positions were up 422 to 266,834. Positions of SHFE 1608 aluminum were up 6,474.  





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