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Tags: SHFE aluminum prices

SHANGHAI, Nov. 26 (SMM) – On Tuesday night, SHFE 1501 aluminum contract sank to RMB 13,670/mt after starting at RMB 13,820/mt, and finished the night session at RMB 13,735/mt. Trading volumes totaled 19,982 lots, with positions up 68 lots to 113,350 lots. 
 
On Wednesday, the most active contract climbed to RMB 13,850/mt in the morning, but fell back in the afternoon as investors closed long positions. The contract ended at RMB 13,765/mt. Trading volumes totaled 47,828 lots, with positions down 8,238 lots to 105,044 lots. Positions of SHFE 1502 aluminum contract surged 1,102 lots to 104,118 lots. As such, SHFE 1502 aluminum contract may become the most active one tomorrow. Prices should consolidate in the near term. 

from metal.com