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Home / Metal News / SHFE Aluminum Closes Higher (2017-3-23)

SHFE Aluminum Closes Higher (2017-3-23)

iconMar 23, 2017 16:55
Source:SMM
SHFE 1705 aluminum started at RMB 13,830/mt and closed at RMB 13,835/mt.

SHANGHAI, Mar. 23 (SMM) – On Thursday, SHFE 1705 aluminum started at RMB 13,830/mt and then dipped quickly to RMB 13,735/mt with shorts strengthening. Later, the contract rallied with positions opening by longs. During the afternoon trading, SHFE 1705 aluminum advanced to RMB 13,910/mt and then fluctuated at around the 20-day moving average. The contract closed at RMB 13,835/mt. Trading volumes were up to 363,300 lots and positions were down 1,792 to 294,422.

SHFE 1705 aluminum will keep fluctuating at around the moving averages on Thursday’s night trading.

SHFE aluminum
LME aluminum
aluminum prices

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