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SMM Brief on SHFE Aluminum Futures (2013-11-6)
Nov 6,2013 16:58CST
price review forecast
Source:SMM
January aluminum on the Shanghai Futures Exchange (SHFE), the most active one, opened lower at RMB 14,315/mt on Wednesday.

SHANGHAI, Nov. 6 (SMM) – January aluminum on the Shanghai Futures Exchange (SHFE), the most active one, opened lower at RMB 14,315/mt on Wednesday. The light metal touched a high of RMB 14,320/mt, but slid to RMB 14,285/mt later in the day, dragged down by falling Chinese A-share. SHFE 1401 aluminum contract rebounded slightly at the tail of the session before ending the day RMB 40/mt lower at RMB 14,300/mt. Trading volumes contracted 2,404 lots to 6,966 lots, and positions also shrank 2,930 lots to 4,456 lots.
 

SHFE aluminum

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