SHANGHAI, Jun. 28 (SMM) – SHFE 1708 aluminum opened at RMB 13,950/mt on Wednesday. The most active contract climbed to RMB 13,980/mt, but then fell back to RMB 13,915/mt before ending at RMB 13,955/mt. Trading volumes decreased to 147,040 lots, and positions increased 5,016 lots to 197,882 lots. Movement of other base metals will have big impact on SHFE 1708 aluminum in the short term. SHFE 1708 aluminum will test resistance at RMB 14,000/mt in the short term.
