On Tuesday night, SHFE 1411 aluminum contract hit a new high of RMB 14,520/mt after starting higher at RMB 14,480/mt. 

Rising Aluminum Prices Turn Buyer in South China Away (Aug. 27, 2014)

<div>SHANGHAI, Aug. 27 (SMM) &ndash; On Tuesday night, SHFE 1411 aluminum contract hit a new high of RMB 14,520/mt after starting higher at RMB 14,480/mt. The contract, however, fell back to finish at RMB 14,460/mt due to profit taking at highs. Trading volumes totaled 25,410 lots, with positions up 3,718 lots to 133,698 lots.&nbsp;</div>
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<div>On Wednesday, the most active contract drifted without direction before ending the day at RMB 14,460/mt. Trading volumes totaled 25,388 lots, with positions up 3,192 lots to 136,890 lots. The contract is expected to challenge resistance at RMB 14,500/mt.&nbsp;</div>
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