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DashboardDatabaseProReportsEventsConsultingSHANGHAI, May 25 (SMM) –SHFE 1707 aluminum dipped to RMB 13,925/mt due to short selling after opening at RMB 13,980/mt on Thursday. But, entry of longs allowed the most active contract to rebound to RMB 14,130/mt in the afternoon, ending at RMB 14,090/mt. Trading volumes increased to 275,396 lots, and positions decreased 23,152 lots to 219,800 lots. SHFE 1707 aluminum should continue struggling around the 40-day moving average in the short term.
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