SHANGHAI, Aug. 26 (SMM) – On Monday night, SHFE 1410 aluminum contract turned back into the most active contract, which started at RMB 14,310/mt. The contract moved sideways during the night session before finishing at RMB 14,330/mt. Trading volumes totaled 26,756 lots, with positions up 2,150 lots to 125,076 lots.
On Tuesday, November aluminum on the SHFE became the most active contract again as positions surged. The contract closed at a session high of RMB 14,400/mt. Trading volumes totaled 35,982 lots, with positions up 6,620 lots to 129,980 lots. Further gains are expected as bullish sentiment is growing.