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Home / Metal News / SHFE Aluminum Ends with Losses (2017-1-26)

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

Jan 26, 2017 17:55

Source:SMM

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.

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LME aluminum will trade at USD 1,918-1,940/mt on Friday and SHFE 1709 aluminum will fluctuate between RMB 14,350-14,550/mt.

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LME aluminum will trade at USD 1,885-1,905/mt on Wednesday and SHFE 1709 aluminum will challenge RMB 14,305/mt.

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May Aluminum Contract on the SHFE only fell 0.8% on Friday despite the nosedive of ferrous and other nonferrous metals.

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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

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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.

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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

SHFE Aluminum Closes Higher (2017-2-20)

SHFE 1704 aluminum opened at RMB 14,015/mt and closed at RMB 14,145/mt.

Feb 20, 2017 18:27

SMM Comments

LME Aluminum to Hover at Highs (2017-2-17)

LME aluminum will hover at USD 1,890-1,916/mt on Friday and SHFE 1704 aluminum will move at RMB 14,200-14,500/mt.

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SMM Comments

LME Aluminum to Hover at Highs (2017-2-17)

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SHFE 1704 aluminum started at RMB 14,085/mt and finally closed at RMB 14,415/mt.

Feb 14, 2017 17:33

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

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