SMM Brief on SHFE Aluminum Futures (2013-10-10)

Price Review & Forecast 05:23:48PM Oct 10, 2013 Source:SMM

SHANGHAI, Oct. 10 (SMM) – December aluminum on the Shanghai Futures Exchange (SHFE), the most active one, opened at RMB 14,360/mt on Thursday. The contract nudged up to RMB 14,395/mt before immediately falling back below the daily moving average, with a session low of RMB 14,335/mt. The light metal rose slightly at the tail of the trading on buying at lows before closing the day at RMB 14,360/mt. Trading volumes dropped 1,606 lots to 5,698 lots, and positions also contracted 424 lots to 69,446 lots.


 

Key Words:  SHFE aluminum  

SMM Brief on SHFE Aluminum Futures (2013-10-10)

Price Review & Forecast 05:23:48PM Oct 10, 2013 Source:SMM

SHANGHAI, Oct. 10 (SMM) – December aluminum on the Shanghai Futures Exchange (SHFE), the most active one, opened at RMB 14,360/mt on Thursday. The contract nudged up to RMB 14,395/mt before immediately falling back below the daily moving average, with a session low of RMB 14,335/mt. The light metal rose slightly at the tail of the trading on buying at lows before closing the day at RMB 14,360/mt. Trading volumes dropped 1,606 lots to 5,698 lots, and positions also contracted 424 lots to 69,446 lots.


 

Key Words:  SHFE aluminum