SMM Brief on SHFE Aluminum Futures (2013-10-11)-Shanghai Metals Market

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SMM Brief on SHFE Aluminum Futures (2013-10-11)

Price Review & Forecast 05:19:57PM Oct 11, 2013 Source:SMM

SHANGHAI, Oct. 11 (SMM) – December aluminum on the Shanghai Futures Exchange (SHFE), the most active one, rose all the way up to a one-month high of RMB 14,480/mt after opening at RMB 14,370/mt on Friday. Gains were driven by rising LME aluminum and SHFE 1310 aluminum contracts. The light metal stayed above the daily moving average throughput the session before closing the day at RMB 14,465/mt, adding RMB 95/mt or 0.73%. Trading volumes increased 3,714 lots to 9,412 lots, but positions shrank 1,396 lots to 68,050 lots.


 

Key Words:  SHFE aluminum  

SMM Brief on SHFE Aluminum Futures (2013-10-11)

Price Review & Forecast 05:19:57PM Oct 11, 2013 Source:SMM

SHANGHAI, Oct. 11 (SMM) – December aluminum on the Shanghai Futures Exchange (SHFE), the most active one, rose all the way up to a one-month high of RMB 14,480/mt after opening at RMB 14,370/mt on Friday. Gains were driven by rising LME aluminum and SHFE 1310 aluminum contracts. The light metal stayed above the daily moving average throughput the session before closing the day at RMB 14,465/mt, adding RMB 95/mt or 0.73%. Trading volumes increased 3,714 lots to 9,412 lots, but positions shrank 1,396 lots to 68,050 lots.


 

Key Words:  SHFE aluminum