SMM Brief on SHFE Aluminum Futures (2014-3-7)

Mar 7, 2014 16:37

SHFE 1406 aluminum contract became the most active one overnight, which drifted higher after starting at RMB 13,300/mt and closed at a session high of RMB 13,325/mt.

SHANGHAI, Mar. 7 (SMM) – SHFE 1406 aluminum contract became the most active one overnight, which drifted higher after starting at RMB 13,300/mt and closed at a session high of RMB 13,325/mt. Trading volumes during the night hours totaled 5,072 lots, and positions added 480 lots to 98,284 lots. However, the light metal erased all the gains built up overnight on Friday. Prices fell to RMB 13,250/mt before finishing RMB 25/mt or 0.19% lower at RMB 13,270/mt. Trading volumes during the daytime session totaled 9,048 lots, and positions were up 4,148 lots to 101,952 lots.

SHFE aluminum prices

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SMM Brief on SHFE Aluminum Futures (2014-3-7)

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