SMM Brief on SHFE Aluminum Futures (2013-11-18)

Nov 18, 2013 16:32

Janet Yellen’s dovish stance boosted base metals markets.

SHANGHAI, Nov. 18 (SMM) – Janet Yellen’s dovish stance boosted base metals markets. January aluminum on the SHFE, the most active one, opened at RMB 14,195/mt on Monday. The light metal broke through the 5-day moving average to RMB 14,230/mt before closing the day RMB 15/mt higher at RMB 14,215/mt. Trading volumes decreased 4,408 lots to 5,478 lots, and positions also contracted 966 lots to 44,690 lots.

SHFE aluminum

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SMM Brief on SHFE Aluminum Futures (2013-11-18)

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