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SMM Brief on SHFE Aluminum Futures: Prices Mired on Strong Wait-and-See Sentiment (2013-3-26)
Mar 26,2013 16:37CST
smm insight
Source:SMM
SHFE 1306 aluminum contract opened slightly lower at RMB 14,690/mt on Tuesday.

SHANGHAI, Mar. 26 (SMM) – SHFE 1306 aluminum contract opened slightly lower at RMB 14,690/mt on Tuesday. The contract struggled at RMB 14,700/mt in the morning session on depressing trading activity, but stabilized at this mark in the afternoon. Most longs and shorts were watching from the sidelines. Finally, the most active SHFE aluminum contract ended the day down RMB 30/mt or 0.20% at RMB 14,705/mt. Positions decreased 414 lots to 93,498 lots. SHFE aluminum for June delivery should hover near RMB 14,700/mt in the near term.
 

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