SMM Brief on SHFE Aluminum Futures (2014-6-18)

SHANGHAI, Jun. 18 (SMM) – On Tuesday night, SHFE 1408 aluminum contract started at RMB 13,440/mt, and finished the night session at RMB 13,465/mt. Trading volumes totaled 32,054 lots, with positions up 234 lots to 147,992 lots. On Wednesday, housing data announced by the National Bureau of Statistics indicated that China’s property sector cooled at a faster pace. This caused the most active contract to tumble to RMB 13,380/mt and close the day at RMB 13,390/mt. Trading volumes totaled 30,684 lots, with positions down 5,420 lots to 142,338 lots.