SMM Brief on SHFE Aluminum Futures (2014-3-25)

SHANGHAI, Mar. 25 (SMM) – The most active SHFE 1406 aluminum contract price went down after starting at RMB 12,765/mt, and ended at RMB 12,745/mt during Monday’s night session. Trading volumes amounted to 7,466 lots, and positions gained 1,352 lots to 121,484 lots. Boosted by rising SHFE copper prices, SHFE aluminum prices bounced back to an intraday high of RMB 12,880/mt, and finished at RMB 12,880/mt. Trading volumes surged to 26,476 lots, while positions contracted 2,316 lots to 119,168 lots. Despite sharp rises in the most active SHFE aluminum contract price, investors remained in a wait-and-see attitude on Tuesday.