SMM Brief on SHFE Aluminum Futures (2014-4-2)

SHANGHAI, Apr. 2 (SMM) – On Tuesday night, SHFE 1406 aluminum contract slipped to RMB 13,000/mt after starting at RMB 13,030/mt, but then recovered some losses to end the night session at RMB 13,020/mt. Trading volumes totaled 3,044 lots, and positions decreased 12 lots to 118,276 lots. On Wednesday, the most active contract drifted lower to RMB 12,930/mt before rebounding to RMB 13,090/mt and closing the daytime session RMB 40/mt higher at RMB 13,080/mt. Trading volumes totaled 34,968 lots, and positions surged 5,032 lots to 123,708 lots.