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SMM Brief on SHFE Aluminum Futures (2014-6-17)
Jun 17,2014 16:45CST
price review forecast
Source:SMM
On Monday night, SHFE 1408 aluminum contract crept higher to RMB 13,500/mt after starting at RMB 13,450/mt, and finished the night session at RMB 13,450/mt.

SHANGHAI, Jun. 17 (SMM) – On Monday night, SHFE 1408 aluminum contract crept higher to RMB 13,500/mt after starting at RMB 13,450/mt, and finished the night session at RMB 13,450/mt. Trading volumes totaled 28,222 lots, with positions up 1,838 lots to 153,424 lots. On Tuesday, the most active contract vacillated between the 10-day and 20-day moving average before closing at RMB 13,460/mt. Trading volumes totaled 22,582 lots, with positions down 5,666 lots to 147,758 lots. At current positions, SHFE aluminum contract for September delivery may become the most active one in the near term.  

 
 
 
 
 
 
SHFE aluminum prices

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