Home / Metal News / Copper / SMM Brief on SHFE Aluminum Futures (2014-3-14)
SMM Brief on SHFE Aluminum Futures (2014-3-14)
Mar 14,2014 16:57CST
price review forecast
Source:SMM
SHFE 1406 aluminum contract edged lower to RMB 13,130/mt after starting Thursday’s night session at RMB 13,190/mt, and ended the session at RMB 13,140/mt.

SHANGHAI, Mar. 14 (SMM) – SHFE 1406 aluminum contract edged lower to RMB 13,130/mt after starting Thursday’s night session at RMB 13,190/mt, and ended the session at RMB 13,140/mt. Trading volumes during the night hours totaled 11,834 lots, and positions shrank 2,484 lots to 105,464 lots. On Friday, the most active contract made a brief foray to RMB 13,195/mt before retreating below the daily moving average and closing down RMB 90/mt or 0.68% at RMB 13,145/mt. Trading volumes during the daytime hours totaled 12,002 lots, and positions were up 798 lots to 106,262 lots. Bearish sentiment prevailed due to worries over demand in China and Ukraine crisis.
 

SHFE aluminum prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news