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SHANGHAI, Jul. 25 (SMM) – SHFE 1310 aluminum contract opened flat at RMB 14,375/mt on Thursday. The most active contract only inched up in the afternoon session, and closed RMB 25/mt or 0.17% higher at RMB 14,400/mt. Positions increased by 220 lots to 64,920 lots, and trading volumes were up 2,234 lots to 4,804 lots. Judging from technical indicator, SHFE three-month aluminum contract will continue to meet resistance at RMB 14,400/mt.
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