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SMM Brief on SHFE Aluminum Futures (2014-4-29)
Apr 29,2014 17:11CST
price review forecast
Source:SMM
On Monday night, SHFE 1407 aluminum contract started at RMB 13,490/mt before finishing the night session at RMB 13,495/mt.

SHANGHAI, Apr. 29 (SMM) – On Monday night, SHFE 1407 aluminum contract started at RMB 13,490/mt before finishing the night session at RMB 13,495/mt. Trading volumes totaled 16,502 lots, and positions increased 2,018 lots to 117,766 lots. On Tuesday, the most active contract followed LME aluminum down to RMB 13,405/mt, ending the day at RMB 13,420/mt. Trading volumes totaled 32,014 lots, and positions shrank 1236 lots to 116,530 lots. Strong risk aversion ahead of the holiday should send the light metal down further. 

 

SHFE aluminum prices

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