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SMM Brief on SHFE Aluminum Futures (2013-11-26)
Nov 26,2013 16:12CST
price review forecast
Source:SMM
SHFE 1402 aluminum contract, the most active one, opened at RMB 14,080/mt on Tuesday.

SHANGHAI, Nov. 26 (SMM) – SHFE 1402 aluminum contract, the most active one, opened at RMB 14,080/mt on Tuesday. Short-covering was reported after the contract slipped to RMB 14,070/mt, pushing the light metal back to near its opening price. In the afternoon session, SHFE aluminum for February delivery followed SHFE copper up to RMB 14,110/mt before falling back again to finish RMB 15/mt lower at RMB 14,095/mt. Trading volumes added 532 lots to 4,900 lots, and positions also increased 624 lots to 50,462 lots.

 

SHFE aluminum

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