SHANGHAI, Oct. 13 (SMM) – Last Friday night, SHFE 1412 aluminum contract started at RMB 13,705/mt. The most active contract dipped to RMB 13,675/mt, but then rebounded to finish the night session at RMB 13,770/mt. Trading volumes totaled 34,034 lots, with positions down 736 lots to 140,304 lots.
On Monday, the most active contract jumped to RMB 13,855/mt shortly after the release of unexpectedly positive China trade data for September, but then surrendered gains and closed at RMB 13,820/mt. Trading volumes totaled 48,570 lots, with positions down 10,844 lots to 129,460 lots.