SMM Brief on SHFE Aluminum Futures (2013-10-22)-Shanghai Metals Market

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SMM Brief on SHFE Aluminum Futures (2013-10-22)

Price Review & Forecast 05:32:36PM Oct 22, 2013 Source:SMM

SHANGHAI, Oct. 22 (SMM) – December aluminum on the Shanghai Futures Exchange (SHFE), the most active one, started Tuesday at RMB 14,380/mt. The light metal hovered near its opening price in the morning session, finding a day’s low of RMB 14,375/mt. In the afternoon session, SHFE 1312 aluminum contract drifted higher to RMB 14,415/mt before closing the day up RMB 25/mt at RMB 14,405/mt. The KDJ line indicates SHFE aluminum for December delivery still has upward momentum. Trading volumes shrank 466 lots to 2,218 lots, while positions were also off 520 lots to 59,998 lots.
 

Key Words:  SHFE aluminum  

SMM Brief on SHFE Aluminum Futures (2013-10-22)

Price Review & Forecast 05:32:36PM Oct 22, 2013 Source:SMM

SHANGHAI, Oct. 22 (SMM) – December aluminum on the Shanghai Futures Exchange (SHFE), the most active one, started Tuesday at RMB 14,380/mt. The light metal hovered near its opening price in the morning session, finding a day’s low of RMB 14,375/mt. In the afternoon session, SHFE 1312 aluminum contract drifted higher to RMB 14,415/mt before closing the day up RMB 25/mt at RMB 14,405/mt. The KDJ line indicates SHFE aluminum for December delivery still has upward momentum. Trading volumes shrank 466 lots to 2,218 lots, while positions were also off 520 lots to 59,998 lots.
 

Key Words:  SHFE aluminum