SHANGHAI, Mar. 20 (SMM) – SHFE 1406 aluminum contract dipped to RMB 12,635/mt after opening at RMB 12,835/mt on Wednesday night, but then rebounded to close the night session at RMB 13,010/mt. On Thursday, the most active contract fell again to RMB 12,830/mt before ending RMB 140/mt or 1.08% lower at RMB 12,810/mt. Trading volumes soared 31,950 lots to 61,616 lots, but positions were down 1,268 lots to 117,506 lots. On the technical side, June aluminum on the SHFE may level out soon.