SHFE Aluminum Rebounds as Market Sentiment Improves (Jul. 9, 2015)

SHANGHAI, Jul. 9 (SMM) –China’s CPI rose in June, but its PPI continued falling, suggesting sluggishness in the economy. This caused SHFE 1509 aluminum contract to fall to RMB 12,205/mt on Thursday. However, the light metal rebounded to RMB 12,435/mt as soaring Chinese stock market boosted market sentiment. Finally, the contract ended at RMB 12,390/mt. Trading volumes totaled 88,724 lots, and positions were down 10,004 lots to 122,998 lots. Prices are expected to rise further as market sentiment is improving.