SHFE Aluminum Rises on Long Buying (2016-3-28)

SHANGHAI, Mar. 28 (SMM) – SHFE 1605 aluminum opened at RMB 11,725/mt on Monday. The most active contract jumped to RMB 11,830/mt, but then erased some gains on profit-taking at highs. Finally, it ended up RMB 100/mt at RMB 11,740/mt. Trading volumes were down 9,226 lots to 164,850 lots, and positions were down 274 to 211,640. SHFE aluminum are poised for more gains as market sentiment remains positive.