About 80 percent of futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, expect range-bound trading of the aluminum futures traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 20 percent are negative about the commodity.Benchmark aluminum contract, for June delivery, opened 50 yuan lower at 16,755 yuan/t on Wednesday morning.
Futures experts here include futures brokers, research institutions and other market observers.
The futures brokers that expect range trading of Shanghai aluminum include Shanli Futures, Dalu Futures, Radar Futures and qhsp888.com.
The futures brokers that are bearish about Shanghai aluminum include Hongyuan Futures.
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