Stainless Steel Pipe Fittings

SHFE Aluminum Falls on Growing Bearishness (Jan. 14, 2015)

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On Tuesday night, SHFE 1503 aluminum contract climbed to RMB 12,755/mt after starting at RMB 12,700/mt, and finished the night session up RMB 25/mt at RMB 12,750/mt. Trading volumes totaled 17,020 lots, with positions down 972 to 159,076.

 

On Wednesday, the most active contract slumped to RMB 12,445/mt as bearish sentiment gathered steam, but rebounded to RMB 12,600/mt later as some short sellers exited. Finally, the contract ended at RMB 12,620/mt. Trading volumes totaled 115,790 lots, with positions down 4,860 to 155,188.

Zhejiang Yaang Pipe Industry Co., Limited

Article Categories:
Aluminum · Metals

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