SHANGHAI, May 3 (SMM) – The most active SHFE aluminum price moved up to test the 60-day moving average Thursday. Spot prices in South China continued to rise on bullish outlook among cargo holders, with quotations firm between RMB 16,240-16,260/mt. However, downstream buyers were cautious and only purchased on an as-needed basis. In the afternoon, transactions turned quiet with SHFE aluminum prices rolling back previous gains.