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Tags: LME aluminum prices,  SHFE aluminum prices, aluminium circle

SHANGHAI, Mar. 31 (SMM) – Rosy economic indicator as from Europe and the US drove LME aluminum up last Friday. Economic sentiment across the euro zone rose more than expected to 102.4 in March. Personal income in the US also beat expectations in February. The University of Michigan's final March reading on consumer sentiment was up from the preliminary reading. In this scenario, LME aluminum climbed to USD 1,763.3/mt before finishing the day USD 22.7/mt higher at USD 1,758/mt. Trading volumes were off 393 lots to 10,354 lots, but positions surged 8,529 lots to 826,344 lots.

Last Friday night, SHFE 1406 aluminum contract inched up to RMB 13,090/mt after starting at RMB 13,075/mt. The most active contract, however, fell back to RMB 13,035/mt afterwards to end the night session at RMB 13,045/mt. Trading volumes totaled 10,802 lots, and positions gained 1,692 lots to 119,064 lots.
from metal.com