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SMM Brief on SHFE Aluminum Futures (2014-3-17)
Mar 17,2014 17:29CST
price review forecast
Source:SMM
SHFE 1406 aluminum contract started and closed last Friday’s night session at RMB 13,160/mt and RMB 13,155/mt, respectively.

SHANGHAI, Mar. 17 (SMM) – SHFE 1406 aluminum contract started and closed last Friday’s night session at RMB 13,160/mt and RMB 13,155/mt, respectively. Trading volumes during the night hours totaled 2,730 lots, and positions added 228 lots to 106,490 lots. Escalation in the Ukraine crisis fueled bearish sentiment, causing the most active contract to hit a new low of RMB 13,080/mt on Monday and close RMB 60/mt lower at RMB 13,095/mt. Trading volumes during the daytime hours totaled 12,470 lots, and positions were up 3,458 lots to 109,948 lots. Prices will probably remain mired in negative territory since bearishness is still running rampant. 
 

SHFE aluminum prices

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