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SMM Brief on SHFE Aluminum Futures (2014-3-18)
Mar 18,2014 16:48CST
price review forecast
Source:SMM
SHFE 1406 aluminum contract hit a new low of RMB 13,030/mt after starting Monday’s night session at RMB 13,105/mt, and ended the session at RMB 13,035/mt.

SHANGHAI, Mar. 18 (SMM) – SHFE 1406 aluminum contract hit a new low of RMB 13,030/mt after starting Monday’s night session at RMB 13,105/mt, and ended the session at RMB 13,035/mt. Trading volumes during the night hours totaled 7,068 lots, and positions added 1,974 lots to 111,922 lots. The most active contract fell further to RMB 12,985/mt on Tuesday before closing down RMB 105/mt or 0.8% at RMB 13,010/mt. Trading volumes during the daytime hours totaled 19,878 lots, and positions were up 4,492 lots to 114,440 lots. June aluminum on the SHFE should be vulnerable at RMB 13,000/mt in the near term.
 

SHFE aluminum prices

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