Prices of the 12 aluminum futures contracts which run from October 2017 to September 2018 on the Chinese Shanghai Futures Exchange closed Monday at Yuan 16,465-17,035/mt ($2,483-2,569/mt), up Yuan 160-240/mt from September 29.
China was closed October 1-8 for National Day and Mid-Autumn Festival holidays.
The front month October futures closed at Yuan 16,465/mt Monday, up Yuan 165/mt from September 29, while the most actively traded December contract closed at Yuan 16,685/mt, up Yuan 240/mt.
Traded volume for the 12 aluminum contracts totaled 2,659,910 mt Friday, down 29.5% from September 29.
Deliverable aluminum stocks stood at 562,911 mt in SHFE warehouses on September 29, up 3.7% week on week, while on-warrant inventories totaled 508,054 mt, up 2.3% week on week.
Deliverable stock is the amount of metal available in the warehouse. On-warrant stock is the amount of metal which is good for delivery.
