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Top Stories

Aluminium Ingot

Geopolitical easing and manufacturing weakness exert dual pressure; SHFE and LME aluminium prices plunge sharply
Primary AL
Futures: The most-traded SHFE aluminium contract opened at RMB 24,025 per tonne in the night session of June 15, hit a high of RMB 24,025 per tonne, a low of RMB 23,730 per tonne, and closed at RMB 23,795 per tonne, down 1.55 per cent from the previous close. During the session, prices fluctuated and pulled back before plunging sharply, forming a large bearish candlestick that fell below the 5-period MA of 24,021.00 and simultaneously traded below all medium and long-term moving averages—MA10 ...
After peaking at 1.47 Mt, accelerated pullback—How far can China’s aluminium ingot destocking go?
Primary AL
Aluminium ingot inventory: Destocking turning point established at high levels, but absolute volume pressure persists China’s aluminium ingot inventory, after hitting a peak not seen in nearly three years in 2026, accelerated its pullback this week. According to SMM statistics, as of June 11, aluminium ingot inventory in major Chinese consumption areas was reported at 1.312 million tonnes, having cumulatively destocked by nearly 160,000 tonnes from the early-May high of around 1.47 million to ...

Primary AL
Futures: SHFE aluminium closed at RMB 24,155 per tonne in the daytime session, up 0.62 per cent, remaining below all key moving averages (MA5≈24,072, MA10≈24,300, MA30≈24,450, MA60≈24,590), with clear downward pressure from short-term MAs and the bearish alignment still in place. The MACD indicator showed DIF=-145.65, DEA=-115.87; the death cross persisted, and the negative histogram narrowed to -61.57 (vs. -98.93 the prior day), suggesting weakening bearish momentum. Trading volume shrank to ...
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Geopolitical disturbances weaken marginally, accelerating destocking supports aluminium prices to fluctuate upward
Primary AL
10 Jun 2026
Futures: SHFE aluminium settled at RMB 23,900 per tonne, down 0.67 per cent. Prices further moved away from all moving averages (MA5=24,146, MA10=24,389, MA30=24,483, MA60=24,612), with the moving average system showing an accelerated bearish alignment and divergence, and weakness intensifying. The MACD indicator showed DIF=-142.99, DEA=-97.72, with the death cross downward and the negative histogram expanding to -90.53, as bearish momentum continued to strengthen. Trading volume shrank to 81, ...
Middle East situation temporarily calms down, aluminium prices fluctuate at high for adjustment
Primary AL
09 Jun 2026
Futures: SHFE aluminium closed at RMB 24,125 per tonne, edged up 0.15 per cent, with price far below all key moving averages (MA5=24,273, MA10=24,380, MA30=24,518.67, MA60=24,637.5). The moving averages maintained a bearish alignment, and the weak pattern remained unchanged. The MACD indicator showed DIF=-114.2, DEA=-86.16, with a death cross downward and the negative histogram widening to -56.08, indicating strengthening bearish momentum. Trading volume shrank to 47,000 lots, with sluggish m ...
Geopolitical risks coupled with accelerating destocking, SHFE aluminium fluctuates and adjusts
Primary AL
08 Jun 2026
Futures: The most-traded SHFE aluminium 2607 contract closed at RMB 24,115 per tonne, down 0.76 per cent. Price was running below MA5 (24,415.00), MA10 (24,404.50), MA30 (24,549.33), and MA60 (24,658.42), with short- and medium-term moving averages in a bearish alignment and gradually pressing downward. The overall structure is clearly in the doldrums, with the moving averages above constituting significant resistance. The MACD indicator's DIF (-99.0911) was below DEA (-78.9935), MACD histogr ...
US fed rate watch: Geopolitical tensions disrupt short-term aluminium price movement pace
Primary AL
04 Jun 2026
Futures: The most-traded SHFE aluminium 2607 contract closed at RMB 24,385 per tonne, down 1.14 per cent. The price was running below MA5 (24,472.00), MA10 (24,467.00), MA30 (24,606.67), and MA60 (24,688.67), with short- and medium-term moving averages gradually turning downward. The overall structure remained in the doldrums, with resistance from the moving averages above. The MACD indicator DIF (-63.4963) was above DEA (-71.8115), with the MACD red bar at 16.6305. The red bars continued to ...
Geopolitical uncertainties persist, domestic and international aluminium prices diverge in volatile trading
Primary AL
03 Jun 2026
Futures: The most-traded SHFE aluminium 2607 contract closed at RMB 24,775 per tonne, up 0.79 per cent. The price moved near the range of MA5 (24,503.00), MA10 (24,490.00), MA30 (24,641.50), and MA60 (24,701.33), with short- and medium-term moving averages intertwined and converging. The overall structure remained range-bound, with support and resistance from moving averages interlaced. The MACD indicator DIF (-37.7078) was above DEA (-69.8220), with the MACD red bar at 64.2284, having formed ...
Rising hawkish expectations for the US fed put aluminium prices under pressure and in the doldrums
Primary AL
28 May 2026
Futures: SHFE aluminium's most-traded contract opened at RMB 24,350 per tonne during the night session on May 27, with the highest price at RMB 24,405 per tonne, the lowest price at RMB 24,205 per tonne, and finally closed at RMB 24,275 per tonne, down 0.86 per cent from the previous close. The night session overall continued its fluctuating trend in the doldrums. The price clearly fell below the MA5 (24,411.94), MA10 (24,450.79), and MA20 (24,495.60) moving averages, while remaining under pre ...
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