SHFE 1708 Aluminum Falls Back (2017-6-22)

Published: Jun 22, 2017 18:00

Save

SHFE 1708 aluminum opened at RMB 13,910/mt on Thursday, and sank to RMB 13,755/mt on short selling.

SHANGHAI, Jun. 22 (SMM) –SHFE 1708 aluminum opened at RMB 13,910/mt on Thursday, and sank to RMB 13,755/mt on short selling. Finally, the most active contract ended at RMB 13,765/mt. Trading volumes increased to 172,830 lots, and positions decreased 8,218 lots to 202,744 lots. Positions of all SHFE aluminum contracts were down 130,000 lots in recent five trading days, reflecting investors are losing interest in aluminum. SHFE 1708 aluminum will fall further to test support at the 10-day moving average.

Al price aluminum prices SHFE aluminum prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

21 hours ago

China's Spodumene Ore Imports Surge in December, Led by Canadian and African Supplies

Customs data shows that China's spodumene ore imports in December increased compared to November, reaching 788.5 thousand physical tons, equivalent to approximately 78.5 thousand tons of lithium carbonate equivalent (LCE) (calculated by SMM based on statistical processing considering average grade and moisture content).

21 hours ago

Jan 31, 2026 15:13

"Canada-China Trade Pact Threatens US Tariffs, China Affirms Bilateral Commitment"

The U.S. side declared that if Canada reaches a new trade agreement with China, it will impose tariffs of up to 100% on goods imported from Canada. In response, Foreign Ministry spokesperson Guo Jiakun stated that China and Canada are committed to building a new-type strategic partnership and have reached a series of specific arrangements to properly handle economic and trade issues between the two countries. These measures are not targeted at any third party.

Jan 31, 2026 15:13

Jan 31, 2026 15:10

EU and India Sign Landmark Free Trade Agreement, Reducing Tariffs on 96.6% of Goods

The European Union and India have successfully signed a free trade agreement. Under the agreement, India will eliminate or reduce tariffs on 96.6% of goods exported from the EU to its domestic market. Notably, automobile tariffs will undergo a gradual reduction process, decreasing from the original 110% to a final rate of 10%. At the same time, the EU has committed to eliminating or lowering tariffs on 99.5% of goods imported from India over the next seven years.

Jan 31, 2026 15:10