Magdamag, ang pinakanakalakal na SHFE 2311 binuksan ang kontrata ng aluminyo noong 18,965 yuan/mt, na may pinakamababa at pinakamataas sa 18,920 yuan/mt at 19,000 yuan/mt bago isara sa 18,955 yuan/mt, pataas 45 yuan/mt or 0.24% compared with the previous trading day. LME aluminum opened at $2,180/mt on Wednesday, with its high and low at $2,199/mt and $2,178.5/mt respectively before closing at $2,189/mt, an increase of $12/mt or 0.55%.

Recently, the swinging expectations of short-term interest rate hikes and the intensification of the Palestinian-Israeli conflict added uncertainty to market. Domestic favorable policies continue to be issued, promoting economic recovery. Although social inventories gradually accumulated after the holiday, the total inventory was still at a historical low for the same period, which had not brought much negative effects on aluminum prices. Aluminum prices may remain high and volatile in the short term, and market players should pay close attention to overseas macro changes.

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