SHFE Aluminum Ends Higher (2017-4-14)-Shanghai Metals Market

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SHFE Aluminum Ends Higher (2017-4-14)

Price Review & Forecast 09:11:08PM Apr 14, 2017 Source:SMM

SHANGHAI, Apr. 14 (SMM) – On Friday, SHFE 1705 aluminum opened at RMB 14,135/mt and then dropped to RMB 14,075/mt with exit of longs. The contract later rallied with entering of longs. During the afternoon trading, SHFE 1706 aluminum advanced to RMB 14,265/mt and ended at RMB 14,225/mt. Trading volumes were down 103,000 to 304,552 lots and positions were up 23,034 to 305,912.

SHFE 1706 aluminum will move at RMB 14,000-14,500/mt in the coming week.

SHFE Aluminum Ends Higher (2017-4-14)

Price Review & Forecast 09:11:08PM Apr 14, 2017 Source:SMM

SHANGHAI, Apr. 14 (SMM) – On Friday, SHFE 1705 aluminum opened at RMB 14,135/mt and then dropped to RMB 14,075/mt with exit of longs. The contract later rallied with entering of longs. During the afternoon trading, SHFE 1706 aluminum advanced to RMB 14,265/mt and ended at RMB 14,225/mt. Trading volumes were down 103,000 to 304,552 lots and positions were up 23,034 to 305,912.

SHFE 1706 aluminum will move at RMB 14,000-14,500/mt in the coming week.