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Home / Metal News / SMM Brief on SHFE Aluminum Futures: Prices Down on Strong Risk Aversion Sentiment (2013-7-26)

SMM Brief on SHFE Aluminum Futures: Prices Down on Strong Risk Aversion Sentiment (2013-7-26)

iconJul 26, 2013 17:31
Source:SMM
SHFE 1310 aluminum contract opened slightly higher at RMB 14,400/mt on Friday, but immediately fell back to RMB 14,370/mt.

SHANGHAI, Jul. 26 (SMM) – SHFE 1310 aluminum contract opened slightly higher at RMB 14,400/mt on Friday, but immediately fell back to RMB 14,370/mt. The most active contract dipped further at the tail of the session due to falling copper prices, and closed at RMB 14,360/mt, down RMB 30/mt or 0.21%. Positions decreased by 382 lots to 64,538 lots, and trading volumes also shrank 2,220 lots to 2,584 lots. SHFE three-month aluminum contract is expected to continue to hover around at RMB 14,350/mt in the coming week. 
 

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