SHFE Aluminum Price Range-Bound Before Forthcoming China Q3 GDP data (Oct. 20, 2014)

Oct 20, 2014 16:52

Last Friday night, SHFE 1412 aluminum contract rose to RMB 13,820/mt after starting higher at RMB 13,725/mt, and finished the night session at RMB 13,800/mt.

SHANGHAI, Oct. 20 (SMM) – Last Friday night, SHFE 1412 aluminum contract rose to RMB 13,820/mt after starting higher at RMB 13,725/mt, and finished the night session at RMB 13,800/mt. Trading volumes totaled 56,150 lots, with positions up 718 lots to 130,934 lots.

On Monday, caution before tomorrow’s release of China Q3 GDP data kept the most active contract moving in tight ranges. The contract closed at RMB 13,805/mt Trading volumes totaled 45,122 lots, with positions down 7,272 lots to 123,662 lots.

SHFE aluminum prices

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SHFE Aluminum Price Range-Bound Before Forthcoming China Q3 GDP data (Oct. 20, 2014)

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