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SMM Brief Review – 2011/7/14 Aluminum Futures
Edited by : AL CIRCLE
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Most active SHFE 1109 aluminum contract prices opened higher at RMB 17,400/mt today. As the US dollar index fell, SHFE 1109 aluminum contract prices rose steadily before the tail of the trading. Finally closed price was RMB 17,390/mt, up RMB 30/mt or 0.17% from previous trading day. Positions for SHFE current-month aluminum contract were 101,290 lots. Given recent weak consumption, SMM expects most active SHFE 1109 aluminum contract prices to fluctuate near RMB 17,400/mt in the near term.
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