SHFE 1610 Aluminum Falls on Short Selling (2016-8-9)-Shanghai Metals Market

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SHFE 1610 Aluminum Falls on Short Selling (2016-8-9)

Price Review & Forecast 05:27:04PM Aug 09, 2016 Source:SMM

SHANGHAI, Aug. 9 (SMM) –On Monday’s night trading, SHFE 1610 aluminum opened at RMB 12,380/mt, touching a high of RMB 12,400/mt and low of RMB 12,270/mt. The contract closed the night session at RMB 12,320/mt. 

On Tuesday, SHFE 1610 aluminum opened at RMB 12,315/mt. Short selling sent its prices down to RMB 12,270/mt, and finally the most active contract ended at RMB 12,310/mt. Trading volumes were down 42,266 lots to 128,862 lots, and positions were up 4,812 to 199,820. SHFE 1610 aluminum will continue seeking direction.








SHFE 1610 Aluminum Falls on Short Selling (2016-8-9)

Price Review & Forecast 05:27:04PM Aug 09, 2016 Source:SMM

SHANGHAI, Aug. 9 (SMM) –On Monday’s night trading, SHFE 1610 aluminum opened at RMB 12,380/mt, touching a high of RMB 12,400/mt and low of RMB 12,270/mt. The contract closed the night session at RMB 12,320/mt. 

On Tuesday, SHFE 1610 aluminum opened at RMB 12,315/mt. Short selling sent its prices down to RMB 12,270/mt, and finally the most active contract ended at RMB 12,310/mt. Trading volumes were down 42,266 lots to 128,862 lots, and positions were up 4,812 to 199,820. SHFE 1610 aluminum will continue seeking direction.