Shanghai aluminium falls to near six-week low
Decline follows broader sell-off of Chinese equities as investors book profits before year-end
29 December 2020 - 10:48
Hanoi — Shanghai aluminium prices fell to a near six-week low on Tuesday, as traders took cues from a broader sell-off in Chinese markets ahead of the year-end.
The most-traded February aluminium contract on the Shanghai Futures Exchange dropped as much as 2.9% to 15,295 yuan ($2,341.01) a tonne, its lowest since November 18, before edging up to close at 15,365 yuan a tonne, still down 2.5%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.