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SHFE Aluminum Prices Surrender Gains (Oct. 30, 2014)
Oct 30,2014 20:41CST
price review forecast
Source:SMM
On Wednesday night, SHFE 1501 aluminum contract jumped to RMB 13,975/mt after starting at RMB 13,865/mt, and finished the night session at RMB 13,935/mt.
SHANGHAI, Oct. 30 (SMM) – On Wednesday night, SHFE 1501 aluminum contract jumped to RMB 13,975/mt after starting at RMB 13,865/mt, and finished the night session at RMB 13,935/mt. Trading volumes increased to 59,244 lots, with positions up 7,824 lots to 144,866 lots. 
 
On Thursday, the most active contract dropped to RMB 13,850/mt before ending the day at RMB 13,860/mt. Trading volumes totaled 46,954 lots, with positions down 2,114 lots to 142,752 lots. Prices are expected to test support at the 20-day moving average in the short term. 
 
   
 
 
SHFE aluminum prices

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