Stainless Steel Pipe Fittings

SHFE Aluminum Closes Down RMB 70/mt (Jan. 6, 2015)

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On Monday night, SHFE 1503 aluminum contract slid to RMB 12,800/mt after starting at RMB 12,860/mt, and finished the night session at RMB 12,805/mt. 

On Tuesday, the most active contract followed other base metals up to RMB 12,880/mt as prices have fallen to some investors’ psychological level. The contract ended at RMB 12,845/mt. Trading volumes totaled 56,276 lots, with positions up 3,136 to 160,562. Technically, there is still room for prices to fall.

Zhejiang Yaang Pipe Industry Co., Limited

Article Categories:
Aluminum · Metals

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