Home / Metal News / Copper / SMM Brief on SHFE Aluminum Futures: (2013-7-23)
SMM Brief on SHFE Aluminum Futures: (2013-7-23)
Jul 23,2013 16:19CST
price review forecast
Source:SMM
SHFE 1310 aluminum contract opened higher at RMB 14,420/mt on Tuesday, helped by rising LME aluminum prices overnight.

SHANGHAI, Jul. 23 (SMM) – SHFE 1310 aluminum contract opened higher at RMB 14,420/mt on Tuesday, helped by rising LME aluminum prices overnight. The most active contract slipped below RMB 14,400/mt in the afternoon, but did recover most of earlier losses at the tail of the session due to dip-buying. SHFE aluminum for October delivery ended the day up RMB 45/mt or 0.31% at RMB 14,415/mt. Trading volumes increased, but positions decreased by 734 lots. SHFE three-month aluminum contract will test support at RMB 14,400/mt. 
 

latest SHFE aluminum prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn