SHANGHAI, Mar. 10 (SMM) – SHFE 1406 aluminum contract inched down to RMB 13,155/mt after starting last Friday’s night session at RMB 13,200/mt, but then rebounded to RMB 13,230/mt before finishing at RMB 13,325/mt. Trading volumes during the night hours totaled 12,902 lots, and positions shrank 1,844 lots to 100,108 lots. During Monday’s daytime trading session, the most active contract rallied to RMB 13,190/mt moving lower to RMB 13,100/mt, but dropped again in the afternoon to RMB 13,095/mt before closing at RMB 13,140/mt, down RMB 150/mt or 1.13%. Trading volumes during the daytime hours totaled 22,416 lots, and positions surged 2,886 lots to 102,994 lots. Further price decline may be on the way since bearish sentiment still lingers.