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SHFE 1610 Aluminum Falls on Short Selling (2016-8-30)
Aug 30, 2016 17:20Source:SMM
On Monday’s night trading, SHFE 1610 aluminum fell to RMB 12,310/mt after opening at RMB 12,360/mt.
SHANGHAI, Aug. 30 (SMM) –On Monday’s night trading, SHFE 1610 aluminum fell to RMB 12,310/mt after opening at RMB 12,360/mt. But prices then rebounded to RMB 12,410/mt and ended at RMB 12,360/mt.
On Tuesday, SHFE 1610 aluminum climbed to RMB 12,395/mt after opening at RMB 12,375/mt. Prices then fell back on short selling to RMB 12,300/mt, ending at RMB 12,320/mt. Trading volumes were down to 72,000 lots, and positions were down 5,116 to 165,894. SHFE 1610 aluminum might recover the 40-day moving average during today’s night session
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