SHANGHAI, Jun. 14 (SMM) – SHFE 1209 aluminum contract price moved up after opening lower at RMB 15,855/mt Thursday and met resistance at the 5-day moving average. In the afternoon, mainstream prices moved down to RMB 15,870/mt. Spot aluminum ingot prices in Nanhai were at RMB 16,000-16,020/mt, down RMB 20/mt from the previous trading day. Cargo holders were active in selling ahead of delivery, but buying interest downstream did not improve significantly. Dealers were still not optimistic to market outlook.