SHANGHAI, Sep 7(SMM) – Overnight, the most-traded SHFE 2310 aluminium contract opened at 19,180 yuan/mt, with the lowest and highest prices at 19,090 yuan/mt and 19,185 yuan/mt before closing at 19,110 yuan/mt, down 10 yuan/mt or 0.05% from the previous trading day. LME aluminium opened at $2,193/mt on Wednesday with its high and low at $2,219.5/mt and $2,186/mt respectively before closing at $2,193/mt.
On the macro side, domestic favorable policies wield boosting effects on markets significantly. But the vacillating attitude of Europe and the Fed to raise interest rates added to macro uncertainty. In the fundamentals, recent concentrated arrivals of aluminum ingots increased social inventory accumulation, weakening the support for aluminum prices. The short-term aluminum price is expected to face downside risk, but it is necessary to closely observe the consumption changes in the peak season.

![Déstockage accéléré des lingots d'aluminium pendant la haute saison soutient bien les prix de l'aluminium à court terme [Résumé de la réunion matinale sur l'aluminium de SMM]](https://imgqn.smm.cn/usercenter/zjiqN20251217171650.jpg)

