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SMM Brief on SHFE Aluminum Futures (2014-4-15)
Apr 15,2014 16:06CST
price review forecast
Source:SMM
On Monday night, SHFE 1406 aluminum contract hovered around RMB 13,240/mt for most of the night session after starting at RMB 13,230/mt, and finished the session at RMB 13,245/mt.

SHANGHAI, Apr. 15 (SMM) – On Monday night, SHFE 1406 aluminum contract hovered around RMB 13,240/mt for most of the night session after starting at RMB 13,230/mt, and finished the session at RMB 13,245/mt. Trading volumes totaled 8,984 lots, and positions added 216 lots to 124,440 lots. On Tuesday, the most active contract slipped to RMB 13,195/mt before closing down RMB 5/mt at RMB 13,210/mt. Trading volumes during the daytime hours totaled 14,318 lots, and positions tumbled 1,888 lots to 122,552 lots. SHFE 1407 aluminum contract looks set to become the most active contract soon. 

 

SHFE aluminum prices

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