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SMM Brief on SHFE Aluminum Futures (2013-11-5)
Nov 5,2013 16:40CST
price review forecast
Source:SMM
January aluminum on the Shanghai Futures Exchange (SHFE), the most active one, opened lower at RMB 14,350/mt on Tuesday.

SHANGHAI, Nov. 5 (SMM) – January aluminum on the Shanghai Futures Exchange (SHFE), the most active one, opened lower at RMB 14,350/mt on Tuesday. The light metal ranged between day’s high of RMB 14,375/mt and day’s low of RMB 14,325/mt, ending the day down RMB 40/mt at RMB 14,335/mt. Trading volumes increased 2,652 lots to 9,370 lots, but positions fell 3,500 lots to 47,486 lots. SHFE 1401 aluminum contract will test support at the 30-day moving average.
 

SHFE aluminum

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