SHANGHAI, May 31 (SMM) – Offshore yuan surged in morning trading, increasing risks of tightening market liquidity in the short term. Ferrous metals prices led declines among commodity. SHFE 1707 aluminum dipped to RMB 13,710/mt after opening at RMB 14,000/mt on Wednesday. The most active contract ended at RMB 13,715/mt. Trading volumes increased to 219,094 lots, and positions increased 9,450 lots to 221,712 lots. Yuan will remain firm in the short term. SHFE 1707 aluminum should see technical corrections during today’s night session, but will face downward pressure later this week.
![[Conferencia Automotriz] Jintuo Technology le invita a asistir a SMM ASCC2026 (8ª) Conferencia de la Cadena de Suministro Automotriz.](https://imgqn.smm.cn/usercenter/fFkYh20251217171651.jpg)
![El aluminio del SHFE se disparó desde mínimos para recuperar la media móvil a corto plazo; la alúmina se desplomó bruscamente bajo la presión de todas las medias móviles [Breve reseña del aluminio de SMM]](https://imgqn.smm.cn/usercenter/ECUsL20251217171652.jpg)
