SHFE 1607 Aluminum Rises on Pre-Holiday Downstream StockingAuthor：Site Source：Network Click to rate：1488 Post time：2016-06-12
On Wednesday, SHFE 1608 aluminum opened at RMB 11,710/mt. Pre-holiday downstream stocking triggered short covering on SHFE aluminum market, allowing the most active contract to rise to RMB 11,895/mt before ending at RMB 11,870/mt. Trading volumes were down 57,292 lots to 241,000 lots, and positions were down 23,206 to 242,000. SHFE 1608 aluminum is expected to move widely after the holiday.
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