SHFE 1707 Aluminum Extends Losses (2017-6-5)  -Shanghai Metals Market

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SHFE 1707 Aluminum Extends Losses (2017-6-5)  

Price Review & Forecast 05:03:04PM Jun 05, 2017 Source:SMM

SHANGHAI, Jun. 5 (SMM) –SHFE 1707 aluminum opened at RMB 13,840/mt on Monday, and hit a low of RMB 13,720/mt. The most active contract then rebounded slightly before ending at RMB 13,745/mt. Trading volumes increased 48,508 lots to 159,644 lots, and positions increased 12,482 lots to 592,714 lots. SHFE 1707 aluminum is unlikely to get rid of weakness in the short term unless positive news is reported.  


 

SHFE 1707 Aluminum Extends Losses (2017-6-5)  

Price Review & Forecast 05:03:04PM Jun 05, 2017 Source:SMM

SHANGHAI, Jun. 5 (SMM) –SHFE 1707 aluminum opened at RMB 13,840/mt on Monday, and hit a low of RMB 13,720/mt. The most active contract then rebounded slightly before ending at RMB 13,745/mt. Trading volumes increased 48,508 lots to 159,644 lots, and positions increased 12,482 lots to 592,714 lots. SHFE 1707 aluminum is unlikely to get rid of weakness in the short term unless positive news is reported.