SHFE Aluminum Closes Higher (2017-2-20)

Feb 20, 2017 18:27

Source:SMM

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

SHANGHAI, Feb. 20 (SMM) – On Monday, SHFE 1704 aluminum opened at RMB 14,015/mt and then advanced to RMB 14,195/mt briefly with entering of longs. The contract later declined to RMB 14,050/mt, hurt by longs taking profits. During the afternoon trading, SHFE 1704 aluminum rallied to RMB 14,120/mt with entering of longs and then fluctuated narrowly. The contract finally closed at RMB 14,145/mt. Trading volumes reduced 40,530 to 323,658 lots and positions 6,082 to 310,782.

SHFE 1704 aluminum will remain range-bound trading in a short term and will find support at RMB 14,000/mt.

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SHFE Aluminum Closes Higher (2017-2-20)

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