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SMM Brief on SHFE Aluminum Futures (2014-6-23)
Jun 23,2014 18:11CST
price review forecast
Source:SMM
Last Friday night, SHFE 1408 aluminum contract slipped to RMB 13,475/mt after starting at RMB 13,535/mt , and finished the night session at RMB 13,505/mt.

SHANGHAI, Jun. 23 (SMM) – Last Friday night, SHFE 1408 aluminum contract slipped to RMB 13,475/mt after starting at RMB 13,535/mt , and finished the night session at RMB 13,505/mt. Trading volumes totaled 35,770 lots, with positions off 2,150 lots to 136,276 lots. On Monday, HSBC’s flash China manufacturing PMI for June rose unexpectedly to 50.8, driving the most active contract up to RMB 13,550/mt. Finally, the light metal closed at RMB 13,510/mt. Trading volumes totaled 25,538 lots, with positions off 7,644 lots to 130,782 lots.  

 
 
   
 
SHFE aluminum prices

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