SMM Brief on SHFE Aluminum Futures (2013-10-21)-Shanghai Metals Market

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SMM Brief on SHFE Aluminum Futures (2013-10-21)

Price Review & Forecast 05:38:48PM Oct 21, 2013 Source:SMM

SHANGHAI, Oct. 21 (SMM) – December aluminum on the Shanghai Futures Exchange (SHFE), the most active one, started Monday lower at RMB 14,340/mt, but broke through the 5-day and 10-day moving averages to RMB 14,395/mt at the tail of the session. Finally, the light metal closed up RMB 20/mt at 14,385/mt. Trading volumes increased 312 lots to 2,684 lots, while positions shrank 1,284 lots to 60,518 lots. SHFE 1401 aluminum contract may shift to the most active contract soon.
 

Key Words:  SHFE aluminum  

SMM Brief on SHFE Aluminum Futures (2013-10-21)

Price Review & Forecast 05:38:48PM Oct 21, 2013 Source:SMM

SHANGHAI, Oct. 21 (SMM) – December aluminum on the Shanghai Futures Exchange (SHFE), the most active one, started Monday lower at RMB 14,340/mt, but broke through the 5-day and 10-day moving averages to RMB 14,395/mt at the tail of the session. Finally, the light metal closed up RMB 20/mt at 14,385/mt. Trading volumes increased 312 lots to 2,684 lots, while positions shrank 1,284 lots to 60,518 lots. SHFE 1401 aluminum contract may shift to the most active contract soon.
 

Key Words:  SHFE aluminum