Author：Site  Source：Network  Click to rate：1045  Post time：2015-06-15

SHANGHAI, Jun. 15 (SMM) – The negotiation between Greece and its creditors produced no substantive results. University of Michigan’s May CCI and PPI for the US were upbeat, allowing the US dollar index to surge, but falling back at the end of trading. LME aluminum prices fell at as low as USD 1,734/mt at one points, constrained by the US dollar index, but inched up to close at USD 1,740/mt. Trading volumes decreased 5,016 to 7,403 lots, and total positions increased 1,955 to 853,000.

SHFE 1508 aluminum contract prices opened at RMB last Friday evening, and fell to as low as RMB 12,725/mt, then rallied to close at RMB 12,765/mt. Trading volumes were 6,650 lots, and total positions decreased 300 to 129,330.

SHFE 1508 aluminum contract prices should move between RMB 12,740-12,790/mt today with the lack of positive news, with spot discounts of RMB 30-70/mt and trading improving.