SHFE 1708 Aluminum Moves in Tight Range (2017-6-26)  -Shanghai Metals Market

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SHFE 1708 Aluminum Moves in Tight Range (2017-6-26)  

Price Review & Forecast 05:58:09PM Jun 26, 2017 Source:SMM

SHANGHAI, Jun. 26 (SMM) – Long buying allowed SHFE 1708 aluminum to climb to RMB 13,910/mt after opening at RMB 13,865/mt on Monday. But, prices then fell back to RMB 13,860/mt on short selling before following LME zinc and SHFE zinc up to close at RMB 13,895/mt. Trading volumes decreased to 84,652 lots, and positions decreased 806 lots to 200,280 lots. SHFE 1708 aluminum will trade in a tight range due to a lack of news. 

 


 

SHFE 1708 Aluminum Moves in Tight Range (2017-6-26)  

Price Review & Forecast 05:58:09PM Jun 26, 2017 Source:SMM

SHANGHAI, Jun. 26 (SMM) – Long buying allowed SHFE 1708 aluminum to climb to RMB 13,910/mt after opening at RMB 13,865/mt on Monday. But, prices then fell back to RMB 13,860/mt on short selling before following LME zinc and SHFE zinc up to close at RMB 13,895/mt. Trading volumes decreased to 84,652 lots, and positions decreased 806 lots to 200,280 lots. SHFE 1708 aluminum will trade in a tight range due to a lack of news.