SMM Brief on SHFE Aluminum Futures (2013-10-17)-Shanghai Metals Market

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SMM Brief on SHFE Aluminum Futures (2013-10-17)

Price Review & Forecast 04:22:40PM Oct 17, 2013 Source:SMM

SHANGHAI, Oct. 17 (SMM) – December aluminum on the Shanghai Futures Exchange (SHFE) started Thursday at RMB 14,345/mt. The light metal hovered below the daily moving average before noon, with the low-end price at RMB 14,330/mt. In the afternoon session, SHFE 1312 aluminum contract hit an intraday high of RMB 14,365/mt before closing the day RMB 50/mt higher at RMB 14,360/mt. Trading volumes were up 220 lots to 4,386 lots, while positions were down 2,108 lots to 63,446 lots.
 

Key Words:  SHFE aluminum  

SMM Brief on SHFE Aluminum Futures (2013-10-17)

Price Review & Forecast 04:22:40PM Oct 17, 2013 Source:SMM

SHANGHAI, Oct. 17 (SMM) – December aluminum on the Shanghai Futures Exchange (SHFE) started Thursday at RMB 14,345/mt. The light metal hovered below the daily moving average before noon, with the low-end price at RMB 14,330/mt. In the afternoon session, SHFE 1312 aluminum contract hit an intraday high of RMB 14,365/mt before closing the day RMB 50/mt higher at RMB 14,360/mt. Trading volumes were up 220 lots to 4,386 lots, while positions were down 2,108 lots to 63,446 lots.
 

Key Words:  SHFE aluminum