At last Friday’s night session, the most-traded SHFE 2311 aluminum contract opened at 18965 yuan/mt, with its low and high at 18900 yuan/mt and 19005 yuan/mt before closing at 18980 yuan/mt, up 11 yuan/mt or 0.06%. LME aluminum opened at $2188/mt last Friday, with its low and high at $2169/mt and $2190.5/mt respectively before closing at $2180/mt, a drop of $10/mt or 0.46%.
US Federal Reserve's dovish policy and China's Q3 economic growth have modestly improved market sentiment. China's aluminium supply remains steady, but power situations in areas like Yunnan need monitoring in Q4. Aluminium inventory showed signs of falling. And a narrowing profit margin on imports could potentially reduce import volume. Year-end surge in Q4 demand could tighten the aluminium market balance. This week, SHFE's most-traded aluminium contract may range between 18,700-19,600 yuan/mt, and LME aluminium could fluctuate between $2,140-2,270/mt.
![A00 retrocede ligeramente, la chatarra de aluminio se mantiene estable en general [Revisión diaria de chatarra de aluminio]](https://imgqn.smm.cn/usercenter/yOYEC20251217171653.jpg)
![[Revisión diaria del precio del ADC12] Los futuros del aluminio fluctúan en máximos; el ADC12 al contado se consolida con firmeza](https://imgqn.smm.cn/usercenter/FHiZE20251217171722.jpeg)
