SMM Aluminum Market Daily Review (2015-9-11)-Shanghai Metals Market

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SMM Aluminum Market Daily Review (2015-9-11)

Price Review & Forecast 10:00:16AM Sep 14, 2015 Source:SMM

SHANGHAI, Sept. 14 (SMM) –SHFE 1511 aluminum climbed to RMB 12,060/mt after opening at RMB 12,030/mt last Friday. The most active contract fell back later, but still ended up RMB 35/mt or 0.29% at RMB 12,045/mt. Trading volumes were down 12,588 lots to 24,738 lots, and positions were up 64 lots to 118,000 lots. 

Aluminum prices were mainly between RMB 11,830-11,850/mt in Shanghai last Friday, discounts of RMB 70-50/mt over SHFE 1509 aluminum, versus RMB 11,830-11,850/mt in Wuxi and RMB 11,820-11,840/mt in Hangzhou. Processors replenished stocks before the weekend, and traders were active in buying due to upcoming delivery date of SHFE 1509 aluminum. Trading turned brisk in Shanghai and Wuxi.





SMM Aluminum Market Daily Review (2015-9-11)

Price Review & Forecast 10:00:16AM Sep 14, 2015 Source:SMM

SHANGHAI, Sept. 14 (SMM) –SHFE 1511 aluminum climbed to RMB 12,060/mt after opening at RMB 12,030/mt last Friday. The most active contract fell back later, but still ended up RMB 35/mt or 0.29% at RMB 12,045/mt. Trading volumes were down 12,588 lots to 24,738 lots, and positions were up 64 lots to 118,000 lots. 

Aluminum prices were mainly between RMB 11,830-11,850/mt in Shanghai last Friday, discounts of RMB 70-50/mt over SHFE 1509 aluminum, versus RMB 11,830-11,850/mt in Wuxi and RMB 11,820-11,840/mt in Hangzhou. Processors replenished stocks before the weekend, and traders were active in buying due to upcoming delivery date of SHFE 1509 aluminum. Trading turned brisk in Shanghai and Wuxi.