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SMM Brief on SHFE Aluminum Futures

Author:Site  Source:Original Site  Click to rate:1459  Post time:2013-12-30

SHANGHAI, Dec. 30 (SMM) – SHFE 1403 aluminum contract crept up to RMB 14,125/mt after opening last Friday’s night session higher at RMB 14,085/mt, driven by rising LME aluminum. Trading volumes hit 10,476 lots as rising prices triggered buying interest. The most active contract retreated to RMB 14,050/mt during Monday’s day session, but still gained RMB 90/mt or 0.64% at RMB 14,060/mt. Trading volumes and positions were 8,858 lots and 53,934 lots, respectively.

from metal.com

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