SHANGHAI, Mar. 27 (SMM) – On Monday, SHFE 1705 aluminum started at RMB 13,710/mt. Republican Party canceled Trump’s medical reform last Friday and US dollar index thus dipped. Gold increased. OPEC and non-OPEC members didn’t announce to extend oil output cut agreement for 6 months. Crude oil thus dipped to USD 47.34/bbl. Moreover, ferrous metals dived and nonferrous metals followed to decline. SHFE 1705 aluminum thus dropped to RMB 13,545/mt briefly. During the afternoon trading, SHEF 1705 aluminum was resistant to fall and rallied to above the 60-day moving average. The contract ended at RMB 13,715/mt. Trading volumes increased to 328,544 lots and positions rose 1,196 to 305,358. Positions of SHFE 1706 aluminum increased 11,888 to 162,554. 
SHFE 1705 aluminum will test support at the 60-day moving average on Monday’s night trading.