SHANGHAI, Dec. 27 (SMM) – SHFE 1303 aluminum contract prices opened at RMB 15,305/mt on December 27. The most active contract broke through the 10-day moving average in early morning session, but later stalled at RMB 15,350/mt. Trading volumes increased to 11,898 lots. Finally, the March aluminum on the SHFE gained RMB 45/mt or 0.29% at RMB 15,350/mt. Positions were down 142 lots to 64,146 lots. LME aluminum tested support at USD 2,100/mt, helping SHFE aluminum stabilize at RMB 15,300/mt. However, buying at highs by the longs will be limited ahead of the New Year holiday, so the SHFE 1303 aluminum contract is expected to consolidate support at RMB 15,300/mt in the short term.