SMM Brief on SHFE Aluminum Futures (2013-10-25)-Shanghai Metals Market

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SMM Brief on SHFE Aluminum Futures (2013-10-25)

Price Review & Forecast 05:03:37PM Oct 25, 2013 Source:SMM

SHANGHAI, Oct. 25 (SMM) – December aluminum on the Shanghai Futures Exchange (SHFE), the most active one, started at RMB 14,400/mt on Friday. The light metal was stagnant in the morning session, but slipped later in the day. Its decline triggered massive selloff, sending prices down further to RMB 14,368/mt. Finally, SHFE aluminum for January delivery closed RMB 5/mt lower at RMB 14,360/mt. Trading volumes added 3,164 lots to 7,328 lots, while positions shrank 1,590 lots to 57,468 lots.
 

Key Words:  SHFE aluminum  

SMM Brief on SHFE Aluminum Futures (2013-10-25)

Price Review & Forecast 05:03:37PM Oct 25, 2013 Source:SMM

SHANGHAI, Oct. 25 (SMM) – December aluminum on the Shanghai Futures Exchange (SHFE), the most active one, started at RMB 14,400/mt on Friday. The light metal was stagnant in the morning session, but slipped later in the day. Its decline triggered massive selloff, sending prices down further to RMB 14,368/mt. Finally, SHFE aluminum for January delivery closed RMB 5/mt lower at RMB 14,360/mt. Trading volumes added 3,164 lots to 7,328 lots, while positions shrank 1,590 lots to 57,468 lots.
 

Key Words:  SHFE aluminum