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Tags: SHFE aluminum prices

SHANGHAI, Dec. 31 (SMM) –On Tuesday night, SHFE 1503 aluminum contract slid to RMB 12,965/mt after starting at RMB 13,080/mt. But the contract bounced back to RMB 13,150/mt later before finishing the night session at RMB 13,110/mt. Trading volumes totaled 38,586 lots, with positions up 2,306 to 146,268.
 
On Wednesday, the most active contract gave back most of the gains made overnight as HSBC’s China manufacturing PMI for December still stayed below 50. But prices rebounded later as investors closed short positions, closing at RMB 13,060/mt. Trading volumes totaled 70,664 lots, with positions up 3,406 to 147,368.

from metal.com