SMM Brief on SHFE Aluminum Futures (2013-10-30)-Shanghai Metals Market

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SMM Brief on SHFE Aluminum Futures (2013-10-30)

Price Review & Forecast 05:15:42PM Oct 30, 2013 Source:SMM

SHANGHAI, Oct. 30 (SMM) – January aluminum on the Shanghai Futures Exchange (SHFE), the most active one, opened at RMB 14,445/mt on Wednesday. The light metal sank to RMB 14,390/mt on selloff before bouncing back to RMB 14,490/mt as Chinese A-share rose by 1.48%. SHFE 1401 aluminum contract, however, erased some gains in late-trade hours as markets are cautious ahead of the US Federal Reserve’s policy decision, closing the day at RMB 14,460/mt. Trading volumes shrank 4,794 lots to 7,094 lots, while positions added 206 lots to 5,634 lots.
 

Key Words:  SHFE aluminum  

SMM Brief on SHFE Aluminum Futures (2013-10-30)

Price Review & Forecast 05:15:42PM Oct 30, 2013 Source:SMM

SHANGHAI, Oct. 30 (SMM) – January aluminum on the Shanghai Futures Exchange (SHFE), the most active one, opened at RMB 14,445/mt on Wednesday. The light metal sank to RMB 14,390/mt on selloff before bouncing back to RMB 14,490/mt as Chinese A-share rose by 1.48%. SHFE 1401 aluminum contract, however, erased some gains in late-trade hours as markets are cautious ahead of the US Federal Reserve’s policy decision, closing the day at RMB 14,460/mt. Trading volumes shrank 4,794 lots to 7,094 lots, while positions added 206 lots to 5,634 lots.
 

Key Words:  SHFE aluminum