The most-traded SHFE 2312 aluminum contract opened at 18860 yuan/mt at Wednesday’s night session, with its low and high at 18730 yuan/mt and 18860 yuan/mt before closing at 18740 yuan/mt, down 70 yuan/mt, or 0.37%. LME aluminum opened at $2256.5/mt in the previous trading day, with its low and high at $2216.5/mt and $2257.5/mt respectively before closing at $2211.5/mt, down $34/mt or 1.51%.
On the macro level, expectations for further interest rate hikes in Europe and the US have cooled, and China continues to promote economic recovery. In terms of fundamentals, Yunnan's production reduction coincides with the arrival of the off-season, and both supply and demand are reduced. SHFE aluminum may struggle to find support in the short term.
![A00 слегка откатывается, алюминиевый лом в целом остаётся стабильным [Ежедневный обзор рынка алюминиевого лома]](https://imgqn.smm.cn/usercenter/yOYEC20251217171653.jpg)

![[Ежедневный обзор цен на ADC12] Фьючерсы на алюминий колеблются на высоких уровнях; спотовые цены на ADC12 консолидируются на устойчивой ноте](https://imgqn.smm.cn/usercenter/FHiZE20251217171722.jpeg)
