On Tuesday night, SHFE 1503 aluminum contract fell to RMB 12,775/mt after starting at RMB 12,800/mt, and finished the night session at RMB 12,790/mt. Trading volumes totaled 26,446 lots, with positions up 192 to 160,754.
On Wednesday, the most active contract remained weak, and closed at RMB 12,760/mt, near 6-year low. Trading volumes totaled 63,712 lots, with positions up 7,988 to 168,550. With pessimism showing no signs of a let-up, there is still room for prices to fall.
Zhejiang Yaang Pipe Industry Co., Limited
Article Tags:SHFE aluminum prices