MARKET REVIEW IN OCTOBER 2002

After being depressed during Q3 of this year, the copper futures price of SHFE rebounded in October, bolstered by recoveries of international copper prices. The most active contract 0303, after hitting the low of 14,820 yuan, closed the month at 15,350 yuan per ton, up 430 yuan from the end of last month. Other key contracts went up ranging between 330 and 470 yuan.

The aluminum futures price of SHFE followed the red metal market. As compared with the end of last month, the most active contract 0302 ended up with 13,520 yuan per ton, up 230 yuan and other key contracts gained 230 to 670 yuan.

The crude rubber futures of SHFE consolidated within a wide range this month after a recent up trend. The most active contract 0303 closed the month at 9,800 yuan per ton, up 60 yuan from the end of last month. Other key contracts closed mixed, from 155 down to 110 yuan up.