SHFE Aluminum Rises on Long Buying (2016-4-11)

SHANGHAI, Apr. 11 (SMM) – SHFE 1606 aluminum opened at RMB 11,740/mt on Monday. China’s PPI rose in March from February, the first month-on-month rise in more than two years. The positive figure pushed SHFE 1606 aluminum up to RMB 11,820/mt. Finally, it ended up RMB 110/mt at RMB 11,775/mt. Trading volumes were down 19,066 lots to 143,912 lots, and positions were up 11,862 to 272,308. China will release a series of economic data later this week. The most active contract looks set for more gains.