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SMM Brief Review - 2011/10/27 SHFE Aluminum Futures
Oct 27,2011 16:21CST
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Source:SMM
The most active SHFE 1201 aluminum contract closed at RMB 16,440/mt, up RMB 60/mt or 0.37% from the previous trading day.

SHANGHAI, Oct. 27 (SMM) – The most active SHFE 1201 aluminum contract opened at RMB 16,400/mt on October 27th. After temporarily hitting RMB 16,520/mt the intraday high, the contract quickly slipped and finally closed at RMB 16,440/mt, up RMB 60/mt or 0.37% from the previous trading day. Positions of the contract increased only 54 lots to 65,058 lots. Traded volumes during the day were only 30,000 lots. More investors turned to contracts for delivery in a longer time. SMM believes that the most active aluminum contract needs to gather more momentum if it wants to break through the RMB 16,500/mt mark.

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