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SMM Brief on SHFE Aluminum Futures (2014-4-23)
Apr 23,2014 16:22CST
price review forecast
Source:SMM
On Tuesday night, SHFE 1407 aluminum contract became the most active one, which dipped to RMB 13,315/mt after starting at RMB 13,340/mt.

SHANGHAI, Apr. 23 (SMM) – On Tuesday night, SHFE 1407 aluminum contract became the most active one, which dipped to RMB 13,315/mt after starting at RMB 13,340/mt. June aluminum on the SHFE, however, rebounded to RMB 13,385/mt afterwards before finishing the night session at RMB 13,380/mt. Trading volumes totaled 9,866 lots, and positions added 1,454 lots to 110,288 lots. HSBC’s flash China manufacturing PMI rose to 48.3 in April, snapping a 5th straight month of decline. The most active contract moved higher to RMB 13,515/mt on Wednesday thanks to upbeat manufacturing data, closing the day up RMB 245/mt or 1.85% at RMB 13,515/mt. Trading volumes surged to 37,812 lots, and positions increased 7,962 lots to 116,796 lots.  

 

SHFE aluminum prices

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