26 DECEMBER 2014Shanghai Metal Market
SMM Aluminum Market daily review (2014-12-25)
Edited by : AL CIRCLE
1 min read
On Wednesday night, SHFE 1503 aluminum contract rose to RMB 13,120/mt after starting at RMB 13,100/mt, and finished the night session at RMB 13,110/mt. Trading volumes totaled 10,400 lots, with positions up 1,210 lots to 134,824 lots.
On Thursday, the most active contract was range-bound without guidance from the LME, and ended at RMB 13,120/mt.
Spot aluminum largely traded between RMB 13,010-13,020/mt in Shanghai on Thursday, premiums of RMB 0-10/mt over SHFE 1501 aluminum contract, versus RMB 13,000-13,020/mt in Wuxi, and RMB 13,020-13,030/mt in Hangzhou. SHFE 1501 aluminum contract lost support at RMB 13,000/mt, dampening buying in physical market. In the afternoon, offers held stable, with trading subdued.
On Thursday, the most active contract was range-bound without guidance from the LME, and ended at RMB 13,120/mt.
Spot aluminum largely traded between RMB 13,010-13,020/mt in Shanghai on Thursday, premiums of RMB 0-10/mt over SHFE 1501 aluminum contract, versus RMB 13,000-13,020/mt in Wuxi, and RMB 13,020-13,030/mt in Hangzhou. SHFE 1501 aluminum contract lost support at RMB 13,000/mt, dampening buying in physical market. In the afternoon, offers held stable, with trading subdued.
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