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SMM Brief on SHFE Aluminum Futures

Author:Site  Source:Original Site  Click to rate:1211  Post time:2014-02-26

Tags: SHFE aluminum prices,aluminium circle

SHANGHAI, Feb. 26 (SMM) – SHFE 1405 aluminum contract drifted lower to RMB 13,290/mt after starting Tuesday’s night session at RMB 13,315/mt, but then rebounded to RMB 13,365/mt before ending at RMB 13,360/mt. 4,344 lots were traded during the night hours, and positions totaled 86,820 lots. The most active contract briefly slipped to RMB 13,335/mt on Wednesday morning, but followed rising A-share up to RMB 13,385/mt later in the day and finished RMB 10/mt or 0.07% higher at RMB 13,375/mt. Chances are small for further price rise for the immediate term, though.    

from metal.com

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