SHFE 1610 Aluminum Rebounds from Lows (2016-8-11)

Aug 11, 2016 17:07

Source:SMM

On Wednesday’s night trading, SHFE 1610 aluminum opened at RMB 12,485/mt and fell to RMB 12,420/mt.

SHANGHAI, Aug. 11 (SMM) –On Wednesday’s night trading, SHFE 1610 aluminum opened at RMB 12,485/mt and fell to RMB 12,420/mt. Later dropped further to RMB 12,360/mt before finding support at the 5-day moving average, to end at RMB 12,385/mt.

On Thursday, SHFE 1610 aluminum opened at RMB 12,385/mt and slid to RMB 12,355/mt/ The price hovered around RMB 12,400/mt before closing at RMB 12,390/mt. Trading volumes were down 19,504 lots to 103,748 lots, and positions were down 8,192 to 202,964. SHFE 1610 aluminum will continue seeking direction.

SHFE aluminum prices

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SHFE 1610 Aluminum Rebounds from Lows (2016-8-11)

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