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SMM Brief on SHFE Aluminum Futures (2014-3-10)
Mar 10,2014 16:50CST
price review forecast
Source:SMM
SHFE 1406 aluminum contract inched down to RMB 13,155/mt after starting last Friday’s night session at RMB 13,200/mt, but then rebounded to RMB 13,230/mt before finishing at RMB 13,325/mt.

SHANGHAI, Mar. 10 (SMM) – SHFE 1406 aluminum contract inched down to RMB 13,155/mt after starting last Friday’s night session at RMB 13,200/mt, but then rebounded to RMB 13,230/mt before finishing at RMB 13,325/mt. Trading volumes during the night hours totaled 12,902 lots, and positions shrank 1,844 lots to 100,108 lots. During Monday’s daytime trading session, the most active contract rallied to RMB 13,190/mt moving lower to RMB 13,100/mt, but dropped again in the afternoon to RMB 13,095/mt before closing at RMB 13,140/mt, down RMB 150/mt or 1.13%. Trading volumes during the daytime hours totaled 22,416 lots, and positions surged 2,886 lots to 102,994 lots. Further price decline may be on the way since bearish sentiment still lingers.  
                 

 

SHFE aluminum prices

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