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SMM Brief on SHFE Aluminum Futures: Prices Hover at RMB 14,700/Mt on Struggle between Longs and Shorts (2013-3-22)
Mar 22,2013 15:54CST
smm insight
Source:SMM
SHFE 1306 aluminum contract prices opened at RMB 14,705/mt on Friday and hovered near RMB 14,700/mt in the session due to struggle between longs and shorts.

SHANGHAI, Mar. 22 (SMM) – SHFE 1306 aluminum contract prices opened at RMB 14,705/mt on Friday and hovered near RMB 14,700/mt in the session due to struggle between longs and shorts. Finally, the most active SHFE aluminum contract closed at RMB 14,700/mt, down RMB 45/mt or 0.31%. Positions increased 550 lots to 93,158 lots. With mixed economic indicators clouding market direction, SHFE aluminum for June delivery should stagnate near RMB 14,700/mt next week.
 

 

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