Stainless Steel Pipe Fittings

SHFE Aluminum Resists Declines on Upbeat China Trade Data (Jan. 13, 2015)

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On Monday night, SHFE 1503 aluminum contract started lower at RMB 12,705/mt, and finished the night session at RMB 12,735/mt. Trading volumes totaled 17,560 lots, with positions up 1,484 to 163,642.

The most active contract was range bound for most of Tuesday, gathering little momentum from better-than-expected December Chinese trade data. The contact fell to RMB 12,685/mt later in the day, but bounced back to RMB 12,770/mt immediately as some bears exited, ending at RMB 12,750/mt. Trading volumes totaled 55,832 lots, with positions down 2,110 to 160,048.

Zhejiang Yaang Pipe Industry Co., Limited

Article Categories:
Aluminum · Metals

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