SHANGHAI, Jul. 29 (SMM) – SHFE 1510 aluminum contract drifted lower after rising to RMB 12,430/mt on Wednesday, due to plunging Chinese stock market and caution before the US Fed’s policy decision. The contract ended the day at RMB 12,345/mt. Trading volumes totaled 38,462 lots, and positions were down 8,264 lots to 137,704 lots.
![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)

