SHFE 1607 Aluminum Ends Up RMB 105/mt (2016-5-20)-Shanghai Metals Market

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SHFE 1607 Aluminum Ends Up RMB 105/mt (2016-5-20)

Price Review & Forecast 05:17:53PM May 20, 2016 Source:SMM

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.  





SHFE 1607 Aluminum Ends Up RMB 105/mt (2016-5-20)

Price Review & Forecast 05:17:53PM May 20, 2016 Source:SMM

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.