SMM Brief on SHFE Aluminum Futures (2014-4-3)

SHANGHAI, Apr. 3 (SMM) – On Wednesday night, SHFE 1406 aluminum contract crept higher to RMB 13,175/mt after starting at RMB 13,130/mt, but immediately fell back to end the night session at RMB 13,090/mt. Trading volumes totaled 16,786 lots, and positions increased 3,324 lots to 127,032 lots. On Thursday, the most active contract dropped further to RMB 13,035/mt, but rebounded later in the day, finishing the daytime session RMB 90/mt higher at RMB 13,110/mt. Trading volumes totaled 26,142 lots, and positions tumbled 4,162 lots to 122,870 lots.