Author：Site  Source：Network  Click to rate：1178  Post time：2015-09-24

SHANGHAI, Sept. 24 (SMM) – LME aluminum climbed to USD 1,595.5/mt after opening at USD 1,587.5/mt on Wednesday. But LME aluminum fell back later before ending down USD 9/mt or 0.57% at USD 1,578/mt. Trading volumes were down 5,243 lots to 10,601 lots, and positions were up 5,565 to 818,000.

On Wednesday night, SHFE 1512 aluminum ended at RMB 11,750/mt. With bearishness still strong, the most active contract should drop further to RMB 11,700-11,800/mt on Thursday In China’s spot market, pre-holiday stocking should narrow spot discounts to RMB 0-40/mt over SHFE 1510 aluminum contract.