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Home / Metal News / SHFE Aluminum Closes Higher (2017-2-20)

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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LME aluminum

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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.

Jul 14, 2017 09:41

SMM Comments

LME Aluminum to Hover at Highs (2017-7-14)

SHFE Aluminum to Remain in Upward Track (2017-7-12)S

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

Jul 12, 2017 09:45

SMM Comments

SHFE Aluminum to Remain in Upward Track (2017-7-12)S

SHFE Aluminum Sees Strong Resistance among Metals, SMM Reports

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

Apr 7, 2017 17:01

SMM Insight Industry

SHFE Aluminum Sees Strong Resistance among Metals, SMM Reports

SHFE Aluminum Ends with Losses (2017-3-22)

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 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.

Feb 17, 2017 09:31

SMM Comments

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

SHFE Aluminum Closes Higher (2017-2-14)

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

Feb 14, 2017 17:33

SMM Comments

SHFE Aluminum to Move in a Tight Range (2017-1-26)

LME aluminum will move at USD 1,810-1,840/mt on Thursday and SHEF 1703 aluminum will range between RMB 13,700-13,900/mt.

Jan 26, 2017 09:29

SMM Comments

SHFE Aluminum to Move in a Tight Range (2017-1-26)

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SHFE Aluminum Closes Higher (2017-2-20)

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