SMM Brief on SHFE Aluminum Futures: Gains Curbed as Longs Are Limited (2013-4-25)

SHANGHAI, Apr. 25 (SMM) – SHFE 1307 aluminum contract became the most active one on Thursday, which started slightly higher at RMB 14,645/mt. The most active SHFE aluminum contract was stagnant during the day due to inactive trading activity, and finally closed at RMB 14,645/mt, up RMB 50/mt or 0.34%. Positions increased 258 lots to 59,578 lots. SHFE aluminum for July delivery is expected to hold stable at RMB 14,600/mt as longs and shorts will continue to exit the market on the last trading day before the Chinese May Day holiday.