SHANGHAI, Jul. 17 (SMM) – SHFE 1709 aluminum hit near 2-month high at RMB 14,550/mt after opening at RMB 14,400/mt on Monday. The most active contract hovered at highs in the afternoon, and finally ended up RMB 75/mt or 0.52% at RMB 14,500/mt. Trading volumes decreased 24,122 lots to 233,000 lots, and positions increased 26,434 lots to 334,000 lots. The RMB 14,500/mt mark will pose big resistance. If stocks remain high, the price rise will be short-lived.