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SMM Brief on SHFE Aluminum Futures (2014-3-28)
Mar 28,2014 17:01CST
price review forecast
Source:SMM
The most active SHFE 1406 aluminum contract price rose to RMB 12,960/mt after starting at RMB 12,920/mt, and ended at RMB 12,935/mt during Thursday’s night session.

SHANGHAI, Mar. 28 (SMM) – The most active SHFE 1406 aluminum contract price rose to RMB 12,960/mt after starting at RMB 12,920/mt, and ended at RMB 12,935/mt during Thursday’s night session. During the trading hours, trading volumes totaled 9,930 lots, while positions gained 878 lots to 117,992 lots. SHFE aluminum prices climbed as high as RMB 13,095/mt by midday, and then fell back to finish Friday at RMB 13,035/mt, up RMB 120/mt or 0.93%, due to profit-taking. Trading volumes expanded to 24,076 lots, and positions shed 620 lots to 117,372 lots. SHFE aluminum prices led rises among SHFE base metals prices, and will test resistance at the 20-day moving average.
 

SHFE aluminum prices

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