SHANGHAI, Jun. 19 (SMM) –SHFE 1508 aluminum contract prices opened at RMB 12,670/mt Thursday evening, then rose RMB 12,710/mt, but fell back to opening price, and closed at RMB 12,655/mt. Trading volumes were 5,114 lots, and total positions decreased 206 to 120,594.

SHFE 1508 aluminum contract prices surged to RMB 12,710/mt Friday, but fell back down and fluctuating around moving averages in the afternoon, and closed at RMB 12,690/mt. Trading volumes were 19,792 lots, and total positions decreased 5,636 to 115,164. SHFE 1508 aluminum contract prices will lack impetus to rebound.