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

Hot Keywords

  • Zinc
  • Aluminium
  • Copper scrap
  • Primary lead
  • Customs data
  • Copper
  • Market commentary
  • Inventory data
  • Futures movement
  • price forecast
  • Nickel
  • MMi Iron Ore Port Index
  • Evening comments
  • Secondary lead
  • Zinc concentrate

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

Price Review & Forecast 05:21:22PM May 30, 2016 Source:SMM

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.  

 

   





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

Price Review & Forecast 05:21:22PM May 30, 2016 Source:SMM

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.