SHFE 1708 Aluminum Falls Back After Hitting High (2017-6-29)  -Shanghai Metals Market

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SHFE 1708 Aluminum Falls Back After Hitting High (2017-6-29)  

Price Review & Forecast 05:31:56PM Jun 29, 2017 Source:SMM

SHANGHAI, Jun. 29 (SMM) – SHFE 1708 aluminum opened at RMB 13,965/mt on Thursday. The most active contract jumped to RMB 14,035/mt thanks to long buying in the afternoon, but then gave back some gains before ending at RMB 13,985/mt. Trading volumes increased to 169,806 lots, and positions decreased 1,364 lots to 196,518 lots. SHFE 1708 aluminum will struggle around RMB 14,000/mt during today’s night session.  

 

SHFE 1708 Aluminum Falls Back After Hitting High (2017-6-29)  

Price Review & Forecast 05:31:56PM Jun 29, 2017 Source:SMM

SHANGHAI, Jun. 29 (SMM) – SHFE 1708 aluminum opened at RMB 13,965/mt on Thursday. The most active contract jumped to RMB 14,035/mt thanks to long buying in the afternoon, but then gave back some gains before ending at RMB 13,985/mt. Trading volumes increased to 169,806 lots, and positions decreased 1,364 lots to 196,518 lots. SHFE 1708 aluminum will struggle around RMB 14,000/mt during today’s night session.