SHFE Aluminum Ends with Losses (2017-1-26)-Shanghai Metals Market

Hot Keywords

  • Nickel
  • MMi Iron Ore Port Index
  • Zinc
  • Inventory data
  • Futures movement
  • Rare earths
  • Operating rates
  • Lithium battery
  • ஷாங்காய் துத்தநாகம்
  • Xiexin new energy
  • Copper concentrate TC
  • Copper
  • Aluminium
  • Smog alert
  • Customs data

SHFE Aluminum Ends with Losses (2017-1-26)

Price Review & Forecast 05:55:29PM Jan 26, 2017 Source:SMM

SHANGHAI, Jan. 26 (SMM) – On Thursday, SHFE 1703 aluminum started at RMB 13,805/mt and then climbed to RMB 13,860/mt with positions closing by shorts. The contract later dipped below the 5-day moving average to RMB 13,630/mt, hurt by leaving of longs. During the afternoon trading, SHFE 1703 aluminum rallied thanks to leaving of shorts and finally closed at RMB 13,835/mt. Positions fell 24,080 to 233,714. Positions of SHFE 1704 aluminum rose 12,176.

SHFE market will close from Thursday night for 2017 Chinese New Year holiday.

SHFE Aluminum Ends with Losses (2017-1-26)

Price Review & Forecast 05:55:29PM Jan 26, 2017 Source:SMM

SHANGHAI, Jan. 26 (SMM) – On Thursday, SHFE 1703 aluminum started at RMB 13,805/mt and then climbed to RMB 13,860/mt with positions closing by shorts. The contract later dipped below the 5-day moving average to RMB 13,630/mt, hurt by leaving of longs. During the afternoon trading, SHFE 1703 aluminum rallied thanks to leaving of shorts and finally closed at RMB 13,835/mt. Positions fell 24,080 to 233,714. Positions of SHFE 1704 aluminum rose 12,176.

SHFE market will close from Thursday night for 2017 Chinese New Year holiday.