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Tags: SHFE aluminum prices,aluminium circle
SHANGHAI, Dec. 8 (SMM) – Last Friday night, SHFE 1502 aluminum contract climbed to RMB 13,470/mt after starting at RMB 13,450/mt. But the contract retreated to RMB 13,385/mt later before finishing at RMB 13,395/mt. Trading volumes and positions totaled 19,092 lots and 127,000 lots, respectively.
 
On Monday, the most active contract drifted lower on depressed Chinese economic data. China’s exports rose 4.7% YoY in November, missing forecasts. The country’s imports declined a surprising 6.7% YoY. Both figures kindled worries that China may not be able to fulfill 7.5% GDP growth target for this year. Finally, February aluminum on the SHFE ended at RMB 13,370/mt. Trading volumes totaled 41,978 lots, with positions up 1,888 lots to 127,454 lots.