SMM Brief on SHFE Aluminum Futures (2014-3-4)

SHANGHAI, Mar. 4 (SMM) – SHFE 1405 aluminum contract edged down to RMB 13,185/mt after starting Monday’s night session at RMB 13,210/mt, but then moved higher to close at RMB 13,215/mt on short-covering. 5,120 lots were traded during the night hours, and positions added 460 lots to 95,674 lots.
The most active contract erased gains after touching RMB 13,245/mt due to profit taking on Tuesday morning, but recovered losses afterwards to end RMB 5/mt lower at RMB 13,265/mt. 10,456 lots were traded during the day session, with positions down 462 lots to 95,212 lots.