Overnight, the most-traded SHFE 2406 aluminum contract opened at 20,280 yuan/mt, with the highest and lowest prices at 20,500 yuan/mt and 20,215 yuan/mt before closing at 20,290 yuan/mt, up 60 yuan/mt or 0.3%. LME aluminum opened at $2,460/mt in the previous trading day, with its high and low at $2,470/mt and $2,437/mt respectively before closing at $2,458.5/mt, up $1/mt or 0.04%.
Summary: On the macro level, the US dollar moved rangebound overnight, and investors were cautious ahead of the release of US inflation data on Wednesday. The domestic aluminum operating capacity was recovering slowly. Downstream operating rate continued to rise, but high prices may suppress downstream procurement enthusiasm, and spot discounts sustained. Overall, aluminum prices stayed at highs due to growing expectations of US economic recovery and positive fundamentals, and may swing on a strong note. We need to pay attention to US inflation data, impact of high prices on downstream procurement and aluminium ingot destocking.
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![[Revue quotidienne des prix de l'ADC12] Les contrats à terme sur l'aluminium fluctuent à des niveaux élevés ; le prix au comptant de l'ADC12 se consolide sur une note ferme](https://imgqn.smm.cn/usercenter/FHiZE20251217171722.jpeg)
