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SMM Aluminum Market Daily Review (2014-6-19)
Jun 20,2014 09:00CST
price review forecast
Source:SMM
On Wednesday night, SHFE 1408 aluminum contract started at RMB 13,455/mt, and finished the night session at RMB 13,470/mt.

SHANGHAI, Jun. 20 (SMM) – On Wednesday night, SHFE 1408 aluminum contract started at RMB 13,455/mt, and finished the night session at RMB 13,470/mt. Trading volumes totaled 39,768 lots, with positions up 1,076 lots to 143,414 lots. On Thursday, the most active contract fell to RMB 13,395/mt, but then rebounded to end RMB 15/mt higher at RMB 13,460/mt. Trading volumes totaled 34,550 lots, with positions down 4,846 lots to 137,492 lots.  

Spot aluminum largely traded between RMB 13,220-13,230/mt in Shanghai and Wuxi on Thursday, a discount of RMB 120-130/mt over SHFE 1407 aluminum contract. Mainstream traded prices were RMB 13,250-13,270/mt in Hangzhou. Buyers in general stayed out of the market out of bearishness, pulling prices down. In the afternoon, prices for the front-month contract rebounded, pushing spot aluminum prices up slightly. 
 
 
 
 
SHFE aluminum prices
Shanghai aluminum prices

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