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Home / Metal News / SHFE 1607 Aluminum Ends with Gains (2016-5-30)

SHFE 1607 Aluminum Ends with Gains (2016-5-30)

iconMay 30, 2016 17:21
Source:SMM
On last Friday’s night trading, SHFE 1607 aluminum dropped to RMB 12,170/mt after opening at RMB 12,200/mt.

SHANGHAI, May 30 (SMM) – On last Friday’s night trading, SHFE 1607 aluminum dropped to RMB 12,170/mt after opening at RMB 12,200/mt. But prices then rallied to RMB 12,295/mt before ending at RMB 12,230/mt. 

On Monday, SHFE 1607 aluminum briefly dipped to RMB 12,175/mt after starting at RMB 12,230/mt. The contract then moved higher to RMB 12,345/mt, and finally ended up RMB 150/mt at RMB 12,295/mt. Trading volumes were down 90,716 lots to 180,440 lots, and positions were down 396 to 210,776.  

 

   





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