Author：Site  Source：Network  Click to rate：1149  Post time：2015-09-28

SHANGHAI, Sept. 28 (SMM) – LME aluminum opened at USD 1,580/mt on Friday. The light metal fell to USD 1,565/mt as remarks by US Fed officials hinted at possible rate hike later this year. Finally, LME aluminum ended down USD 7/mt at USD 1,569.5/mt. Trading volumes were down 7 lots, and positions were up 1,555 to 823,000.

In SHFE market, more investors will exit before the upcoming holiday. SHFE 1512 aluminum should move between RMB 11,800-11,860/mt on Monday. In China’s spot market, trading activity will gradually die down with the holiday nearing, with spot discounts of RMB 0-40/mt expected over SHFE 1510 aluminum contract.