Home / Metal News / SMM Brief on SHFE Aluminum Futures (2013-10-11)

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

iconOct 11, 2013 17:19
Source: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.

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.


 

SHFE aluminum

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news