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SHFE 1709 Aluminum Falls Back from Highs (2017-7-18)  
Jul 18,2017 17:51CST
price review forecast
Source:SMM
SHFE 1709 aluminum opened at RMB 14,440/mt on Tuesday, and fell to RMB 14,285/mt as output cut news in Xinjiang and Shandong has been digested.

SHANGHAI, Jul. 18 (SMM) – SHFE 1709 aluminum opened at RMB 14,440/mt on Tuesday, and fell to RMB 14,285/mt as output cut news in Xinjiang and Shandong has been digested. The most active contract finally ended at RMB 14,350/mt. Trading volumes increased to 175,180 lots, and positions decreased 22,832 lots to 311,274 lots. SHFE 1709 aluminum will test support at the 10-day moving average if there is no more output cut news.  

 

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