Overnight, the most-traded SHFE 2312 aluminum contract opened at 19000 yuan/mt, with its low and high at 18885 yuan/mt and 19000 yuan/mt before closing at 18900 yuan/mt, down 100 yuan/mt or 0.53%. LME aluminum opened at $2214/mt on Thursday, with its low and high at $2193/mt and $2228/mt respectively before closing at $2196.5/mt, up 0.7%. There are many macro disturbing factors. The Palestinian-Israeli conflict have intensified market uncertainty. Operating aluminum capacity in China is now 42.97 million mt, close to a peak, meaning no significant growth will be seen in short term. Downstream orders improved after the National Day holiday, but fell short of expectations. Aluminum ingot inventory is not expected to enter a downward trend any time soon. Aluminum prices are expected to move rangebound in the short term.
![A00 sedikit terkoreksi, scrap aluminium tetap stabil secara keseluruhan [Tinjauan Harian Scrap Aluminium]](https://imgqn.smm.cn/usercenter/yOYEC20251217171653.jpg)

![[Tinjauan Harian Harga ADC12] Harga aluminium berjangka berfluktuasi di level tinggi; ADC12 spot menguat](https://imgqn.smm.cn/usercenter/FHiZE20251217171722.jpeg)
