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SHFE 1709 Aluminum Moves Widely (2017-7-26)
Jul 26,2017 18:57
CSTprice review forecast
Source:SMM
SHFE 1709 aluminum opened at RMB 14,600/mt on Wednesday, and slid to RMB 14,515/mt.
SHANGHAI, Jul. 26 (SMM) – SHFE 1709 aluminum opened at RMB 14,600/mt on Wednesday, and slid to RMB 14,515/mt. But, the contract then rallied to RMB 14,625/mt. In the afternoon, SHFE 1709 aluminum fell to RMB 14,485/mt before ending at RMB 14,510/mt. Trading volumes increased to 251,852 lots, and positions decreased 20,794 lots to 282,886 lots. SHFE 1709 aluminum will move widely at highs tonight as market will wait for the US Fed’s policy decision.
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