SHANGHAI, Jun. 10 (SMM) – August aluminum on the SHFE hit recent low of 12,940 yuan ($2086) per tonne on Tuesday night, but any room for more losses will be limited, Ruida Futures told SMM.
The Relative Strength Index (RSI) suggests that the most active contract has entered oversold territory, Ruida Futures said. It added that SHFE aluminum inventories fell for three weeks running to 282,472 tonnes as of June 5. Both factors will prevent the light metal from dramatic fall.
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
![SHFE et LME voient un rebond synchronisé avec accumulation de positions, le plomb SHFE consolide et rebondit en séance de nuit, clôturant en hausse de 0,82 % [Brief matinal SMM sur le plomb]](https://imgqn.smm.cn/usercenter/XMxKT20251217171720.jpeg)
![Les raffineries s'abstiennent de vendre à bas prix et les achats en aval se font selon les besoins ; les prix du plomb restent dans une étroite impasse en attendant le suivi des transactions [Résumé de la réunion matinale SMM sur le plomb]](https://imgqn.smm.cn/usercenter/hrxHx20251217171721.jpeg)
