Mainstream traded prices for spot aluminum in Shanghai were RMB 14,380-14,390/mt on Thursday, a contango of RMB 10-20/mt over SHFE 1309 aluminum contract. The most active SHFE aluminum contract rebounded on surprisingly upbeat HSBC’s China flash manufacturing PMI for August. However, spot aluminum still met resistance at RMB 14,400/mt. Cargo holders were eager to sell. Traders went bargain hunting, while downstream producers purchased as needed.