Metals News
SMM Aluminum Market Daily Review (2014-8-13)
price review forecast
Aug 14,2014
SHANGHAI, Aug. 14 (SMM) –On Tuesday night, SHFE 1410 aluminum contract rose to RMB 14,240/mt after starting higher at RMB 14,210/mt, and finished the night session at RMB 14,190/mt. Trading volumes totaled 69,802 lots, with positions up 2,637 lots to 151,948 lots. 
On Wednesday, the most active contract gave back previous day’s gains by falling to RMB 14,115/mt before the release of a raft of Chinese economic data. Prices, however, rebounded afterwards to end at RMB 14,155/mt. Trading volumes totaled 56,338 lots, with positions down 7,799 lots to 144,148 lots. 
Spot aluminum largely traded at RMB 14,050-14,070/mt in Shanghai on Wednesday, a discount of RMB 10-30/mt over SHFE 1408 aluminum contract, versus RMB 14,060-14,080/mt in Wuxi and RMB 14,060-14,070/mt in Hangzhou. Buying interest dwindled after SHFE aluminum drifted lower. In the afternoon, suppliers raised offers to RMB 14,070/mt from RMB 14,040/mt after SHFE aluminum rallied, further cooling demand
SHFE aluminum prices
Shanghai aluminum prices
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data