SMM Aluminum Market Morning ReviewAuthor:Site Source:Network Click to rate:1005 Post time:2015-07-29
SHANGHAI, Jul. 29 (SMM) –LME aluminum broke through the 5-day moving average to USD 1,665/mt after opening at USD 1,642.5/mt on Tuesday, driven by short-covering. Finally, it ended at USD 1,664.5/mt. Trading volumes were up 1,199 lots to 9,684 lots, and positions were down 3,947 to 880,000. On the macro front, US economic d