Home About us News Products Industry&Equipment Contact us
News center Your current position:Home > News center
上海上门按摩

SHFE 1607 Aluminum Rebounds on Tumbling Inventories

Author:Site  Source:Network  Click to rate:1356  Post time:2016-05-30

SHANGHAI, May 26 (SMM) – On Wednesday’s night trading, SHFE 1607 aluminum climbed to RMB 12,150/mt due to short covering after opening at RMB 12,095/mt. But prices then fell back to RMB 11,955/mt before ending at RMB 12,015/mt.

On Thursday, SHFE 1607 aluminum fell to RMB 11,900/mt after starting at RMB 12,025/mt, but then rallied to RMB 11,970/mt. Aluminum stocks in China’s five major markets fell as much as 76,000 mt, triggering massive short covering. This sent prices up to RMB 12,195/mt, and finally ended up RMB 40/mt at RMB 12,185/mt. Trading volumes were down 10,558 lots to 292,252 lots, and positions were down 15,420 to 218,172. Positions of SHFE 1608 aluminum were up 9,858.

Copyright @ 2008-2012 Chongqing Lanren Aluminium Co.,Ltd
Address: NO. 23-4 Jinxin Building, Nanping, Nanan District, Chongqing, China