SHANGHAI, Apr. 14 (SMM) – On Friday, SHFE 1705 aluminum opened at RMB 14,135/mt and then dropped to RMB 14,075/mt with exit of longs. The contract later rallied with entering of longs. During the afternoon trading, SHFE 1706 aluminum advanced to RMB 14,265/mt and ended at RMB 14,225/mt. Trading volumes were down 103,000 to 304,552 lots and positions were up 23,034 to 305,912.
SHFE 1706 aluminum will move at RMB 14,000-14,500/mt in the coming week.