Home / Metal News / Copper / SMM Brief on SHFE Aluminum Futures (2014-4-10)
SMM Brief on SHFE Aluminum Futures (2014-4-10)
Apr 10,2014 17:50CST
price review forecast
Source:SMM
On Wednesday night, SHFE 1406 aluminum contract followed LME aluminum up to RMB 13,220/mt after starting at RMB 13,050/mt, and finished the night session at RMB 13,180/mt.

SHANGHAI, Apr. 10 (SMM) – On Wednesday night, SHFE 1406 aluminum contract followed LME aluminum up to RMB 13,220/mt after starting at RMB 13,050/mt, and finished the night session at RMB 13,180/mt. Trading volumes grew to 19,196 lots, and positions soared 3,558 lots to 126,880 lots. On Thursday, the most active contract retreated to RMB 13,105/mt as China posted negative growth in exports for a second straight month in March. The light metal, however, rebounded afterwards, ending the daytime trading hours RMB 70/mt or 0.53% higher at RMB 13,160/mt. Trading volumes totaled 24,766 lots, and positions increased 2,846 lots to 126,168 lots. 

 

SHFE aluminum prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news