Home / Metal News / Zinc / SMM Aluminum Market Daily Review (2014-10-29)
SMM Aluminum Market Daily Review (2014-10-29)
Oct 30,2014 09:39CST
price review forecast
Source:SMM
On Tuesday night, SHFE 1501 aluminum contract started at RMB 13,850/mt, and finished the night session at RMB 13,870/mt.
SHANGHAI, Oct. 30 (SMM) – On Tuesday night, SHFE 1501 aluminum contract started at RMB 13,850/mt, and finished the night session at RMB 13,870/mt. Trading volumes totaled 17,052 lots, with positions up 1,900 lots to 139,258 lots. 
 
On Wednesday, SHFE 1501 aluminum contract dipped to RMB 13,800/mt, but the rebounded to end the day at RMB 13,845/mt. Trading volumes totaled 30,438 lots, with positions down 2,216 lots to 137,042 lots. 
 
Spot aluminum largely traded at RMB 13,620-13,630/mt in Shanghai and Wuxi on Wednesday, discounts of RMB 80-90/mt over SHFE 1411 aluminum contract, versus RMB 13,640-13,650/mt in Hangzhou. Buyers pushed for lower prices, but sellers refused to cut offers, leaving trading muted. In the afternoon, market turned even quieter. 
 
 
 
 
 
SHFE aluminum prices
Shanghai aluminum prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news