SHFE aluminum Contract Prices Drop

  • Tuesday, June 23, 2015
  • Source:ferro-alloys.com

  • Keywords:Al, aluminum futures
[Fellow]Reportedly, aluminum futures prices at the Shanghai Futures Exchange (SHFE) started at RMB12,670/ton last Thursday evening but fell back to opening price and closed at RMB12,655/ton after shortly rose to RMB12,710/ton.

[Ferro-Alloys.com] Reportedly, aluminum futures prices at the Shanghai Futures Exchange (SHFE) started at RMB12,670/ton last Thursday evening but fell back to opening price and closed at RMB12,655/ton after shortly rose to RMB12,710/ton.

The most trading aluminum contract (SHFE 1508) increased to RMB12,710/ton again on Friday, but fell back down and hovered around moving average during the trading session and closed at RMB12,690/ton.

It is estimated that SHFE 1508 aluminum prices have lack of motivation to rebound.

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  • [Editor:Yueleilei]

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