SHANGHAI, Apr. 1 (SMM) –SHFE 1506 aluminum contract inched up after starting Tuesday’s night session at RMB 13,360/mt, and closed at RMB 13,370/mt. Trading volumes totaled 11,294 lots, with positions down 50 to 126,596.
China’s official manufacturing PMI was 50.1 in March, beating expectations. HSBC’s China manufacturing PMI for March was 49.6, but this had little impact on SHFE aluminum. June aluminum on the SHFE rose to RMB 13,405/mt on Wednesday, but pared gains later, ending at RMB 13,370/mt. Trading volumes totaled 25,522 lots, with positions down 1,246 to 125,400.