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

Published: Jan 26, 2017 17:55

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SHFE 1703 aluminum started at RMB 13,805/mt and finally closed at RMB 13,835/mt.

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 LME aluminum aluminum prices

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