SHFE Aluminum Rises as Sentiment Turns Bullish (Apr. 27, 2015)

SHANGHAI, Apr. 27 (SMM) – SHFE 1507 aluminum contract slipped after opening higher at RMB 13,375/mt on Monday. The YoY decline in profit at above-scale Chinese industrial enterprises narrowed in Q1, leaving the most active contract hovering around RMB 13,330/mt. July aluminum on the SHFE followed other base metals up later to RMB 13,400/mt before ending at RMB 13,360/mt. Trading volumes totaled 70,880 lots, and positions were up 9,748 to 133,392. More gains are expected since market sentiment is turning bullish.