Overnight, the most-traded SHFE 2406 aluminum contract opened at 20,405 yuan/mt, with the highest and lowest prices at 20,590 yuan/mt and 20,370 yuan/mt before closing at 20,585 yuan/mt, up 170 yuan/mt or 0.83%. LME aluminum opened at $2,547.5/mt in the previous trading day, with its low and high at $2541/mt and $2,550.5/mt respectively before closing at $2,549.5/mt, up 0.18%.
Summary: The domestic macro front was intertwined with bullish and bearish factors. Supporting real estate and stimulating consumption still dominated the market. The inventory growth after the holiday was better than expected. The inventory of aluminum ingots and billets in major consumption areas dropped slightly, but high aluminum prices suppressed downstream consumption. The inventory of aluminum ingots and aluminum billets declined at a slower pace. In the short term, supply-demand imbalance is not prominent. Low inventory and bullish demand can support aluminum price. It is expected that the aluminum prices may go up.
![A00 recule légèrement, la ferraille d'aluminium reste globalement stable [Analyse quotidienne de la ferraille d'aluminium]](https://imgqn.smm.cn/usercenter/yOYEC20251217171653.jpg)

![[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)
