Futures market survey: 80 pct bearish about Shanghai aluminum on Wed

BEIJING, Mar. 9, 2011 (Xinhua News Agency) -- About 80 percent of futures experts surveyed by the China Finance Corporation are bearish about aluminum futures traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 20 percent expect range-bound trading

Benchmark three-month aluminum contract opened 50 yuan higher at 16,765 yuan/t on Wednesday morning.

Futures experts here include futures brokers, research institutions and other market observers.

The futures brokers that are bearish about Shanghai aluminum include Luzheng Futures, Hongyuan Futures, Jin Yuan Futures and Radar Futures.

The futures brokers that expect range trading of Shanghai aluminum include Dalu Futures. (Edited by Wang Li, wangle1@xinhua.org)