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Home / Metal News / SHFE Aluminum to Move Lower (2017-1-6)

SHFE Aluminum to Move Lower (2017-1-6)

Jan 6, 2017 21:31

Source:SMM

SHFE 1703 aluminum started at RMB 12,620/mt and finally ended at RMB 12,510/mt.

SHANGHAI, Jan. 6 (SMM) – On Friday, SHFE 1703 aluminum started at RMB 12,620/mt and then advanced to RMB 12,650/mt. Later, the contract dropped with entering of shorts. During the afternoon trading, SHFE 1703 aluminum dipped further to RMB 12,505/mt and finally ended at RMB 12,510/mt. Trading volumes increased to 12,510 lots and positions rose 14,638 to 271,096. Fundamentals tend to be soft. But SHFE 1703 aluminum will find support at RMB 12,500/mt on Friday’s night trading.

SHFE aluminum

LME aluminum

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SHFE 1705 aluminum opened at RMB 13,830/mt and ended at RMB 13,805/mt.

Mar 22, 2017 18:02

SMM Comments

SHFE Aluminum Ends Higher (2017-3-16)

SHFE 1705 aluminum started at RMB 13,810/mt and ended at RMB 13,960/mt.

Mar 16, 2017 17:03

SMM Comments

SHFE Aluminum to Move in a Tight Range (2017-3-10)

LME aluminum will trade at USD 1,860-1,890/mt on Friday and SHFE 1705 aluminum will fluctuate between RMB 13,550-13,850/mt.

Mar 10, 2017 09:54

SMM Comments

SHFE Aluminum Ends Lower (2017-3-2)

SHFE 1704 aluminum opened at RMB 14,225/mt and closed at RMB 14,145/mt.

Mar 2, 2017 17:26

SMM Comments

LME Aluminum to Move in a Tight Range (2017-1-5)

LME aluminum will fluctuate at USD 1,675-1,695/mt on Thursday and SHFE 1703 aluminum is expected to move at RMB 12,620-12,780/mt.

Jan 5, 2017 10:07

SMM Comments

LME Aluminum to Move in a Tight Range (2017-1-5)

SHFE Aluminum Closes Lower (2016-12-14)

SHFE 1702 aluminum opened at RMB 13,060/mt and finally closed at RMB 13,040/mt.

Dec 14, 2016 16:54

SMM Comments

LME Aluminum to Move Lower (2016-12-14)

LME aluminum will move at USD 1,730-1,750/mt on Wednesday and SHFE 1702 aluminum will range between RMB 12,920-13,120/mt.

Dec 14, 2016 09:27

SMM Comments

SHFE Aluminum Finishes with Losses (2016-11-15)

SHFE 1701 aluminum started at RMB 14,180/mt and finally ended at RMB 13,800/mt.

Nov 15, 2016 19:08

SMM Comments

LME Aluminum to Strengthen (2016-11-8)

LME aluminum is predicted to move at USD 1,720-1,740/mt on Tuesday and SHFE 1701 aluminum will range between RMB 13,300-13,500/mt.

Nov 8, 2016 09:38

SMM Comments

SHFE Aluminum Ends with Gains (2016-3-31)

SHFE 1605 aluminum opened at RMB 11,760/mt on Thursday.

Mar 31, 2016 17:09

SMM Comments

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