SMM Brief on SHFE Aluminum Futures (2014-6-10)

Jun 10, 2014 17:37

On Monday night, SHFE 1408 aluminum contract started at RMB 13,700/mt.

SHANGHAI, Jun. 10 (SMM) – On Monday night, SHFE 1408 aluminum contract started at RMB 13,700/mt. The most active contract nudged up to RMB 13,845/mt, but then fell back to RMB 13,510/mt before finishing the night session at RMB 13,535/mt. Trading volumes totaled 354,088 lots, with positions up 204 lots to 181,556 lots. On Tuesday, SHFE aluminum for August delivery dropped in early session, but rebounded to RMB 13,620/mt in the afternoon before ending up RMB 70/mt at RMB 13,615/mt. Trading volumes soared another 102,870 lots, with positions down 6,810 lots to 174,338 lots. Chances for further price rise are slim.

SHFE aluminum prices

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SMM Brief on SHFE Aluminum Futures (2014-6-10)

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