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Home / Metal News / SHFE 1710 Aluminum Fluctuates at Highs as Longs Dominate (2017-8-17)

SHFE 1710 Aluminum Fluctuates at Highs as Longs Dominate (2017-8-17)

Aug 17, 2017 17:45

Source:SMM

SHFE 1710 aluminum opened at RMB 16,505/mt on Thursday.

SHANGHAI, Aug. 17 (SMM) – SHFE 1710 aluminum opened at RMB 16,505/mt on Thursday. The contract rose to RMB 16,660/mt on long buying, but then fell back to RMB 16,425/mt. Finally, the most active contract ended at RMB 16,520/mt, with trading volumes up to 832,690 lots, and positions down 11,866 lots to 387,990 lots. Positions of SHFE 1711 aluminum rose 25,046 lots to 251,814 lots. Some shorts have entered the market. SHFE 1710 aluminum should move in a wide range of RMB 16,400-16,600/mt.

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SHFE 1710 Aluminum Fluctuates at Highs as Longs Dominate (2017-8-17)

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