SHANGHAI, Apr 18 (SMM) - Overnight, the most-traded SHFE 2305 aluminium contract opened at 18,780 yuan/mt, and rose to 18,840 yuan/mt, but then pulled back before closing at 18,765 yuan/mt, up 10 yuan/mt or 0.05%. LME aluminium opened at $2,386/mt on Monday and closed at $2,372.5/mt, down $17.5/mt or 0.73%.
The Fed’s interest rate hike seems to be coming to an end, but a deep economic recession has not yet arrived. The Chinese economy is recovering, boosting the aluminium market. On fundamentals, domestic aluminium supply is growing slowly, and power supply situation in Yunnan deserves close attention. Aluminium ingots maintained the destocking cycle.
In view of improving macro environment and slowing demand growth, aluminium prices should move rangebound in the short term.
![Aceleração da redução de estoques de lingotes de alumínio eleva o centro de preços do alumínio, enquanto o desempenho da alta temporada deve limitar o espaço de alta [Revisão Semanal de Preços do Alumínio da SMM]](https://imgqn.smm.cn/usercenter/XLWyP20251217171654.jpg)
![Preços à vista estáveis em todos os mercados, preços de transação fora da China recuam, excedente de oferta e demanda inalterado [Revisão Semanal de Alumina da SMM]](https://imgqn.smm.cn/usercenter/YYogD20251217171650.jpg)
