About 60 percent of futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, expect range-bound trading of aluminum futures traded on the Shanghai Futures Exchange (SHFE) on Tuesday, while 40 percent are negative about the commodity.
Benchmark aluminum contract, for August delivery, opened 30 yuan higher at 16,785 yuan/t on Tuesday morning.
Futures experts here include futures brokers, research institutions and other market observers.
The futures brokers that expect range trading of Shanghai aluminum include Pearl Futures, Radar Futures and qhsp888.com.
The futures brokers that are bearish about Shanghai aluminum include Hongyuan Futures and Shanli Futures.
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