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SMM Brief on SHFE Aluminum Prices (2014-6-6)
Jun 6,2014 19:05CST
price review forecast
Source:SMM
The most active SHFE 1408 aluminum contract started Thursday’s night session at RMB 13,385/mt, encountering resistance at RMB 13,425/mt, and finished at RMB 13,405/mt.

SHANGHAI, Jun. 6 (SMM) – The most active SHFE 1408 aluminum contract started Thursday’s night session at RMB 13,385/mt, encountering resistance at RMB 13,425/mt, and finished at RMB 13,405/mt. During the night session, traded volumes totaled 15,526 lots, while positions gained 1,138 lots to 135,372 lots.

On Friday, SHFE copper prices rallied to a high of RMB 13,460/mt, and ended up RMB 70/mt at RMB 13,425/mt. Traded volumes amounted to 28,404 lots, while positions contracted 1,854 lots to 133,518 lots.
 

SHFE aluminum prices

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