SMM Brief on SHFE Aluminum Futures (2013-11-8)

Nov 8, 2013 17:10

January aluminum on the Shanghai Futures Exchange (SHFE), the most active one, opened at RMB 14,290/mt on Friday.

SHANGHAI, Nov. 8 (SMM) – January aluminum on the Shanghai Futures Exchange (SHFE), the most active one, opened at RMB 14,290/mt on Friday. The light metal ranged between day’s high of RMB 14,320/mt and day’s low of RMB 14,290/mt, closing the day at RMB 14,305/mt. Prevailing wait-and-see sentiment ahead of the release of US non-farm employment data depressed trading activity in SHFE aluminum market. This was compounded by investors closing positions to avoid risks before the upcoming weekend. Trading volumes contracted 1,604 lots to 2,386 lots, and positions also shrank 522 lots to 42,606 lots.

SHFE aluminum

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SMM Brief on SHFE Aluminum Futures (2013-11-8)

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