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Aluminium Inventory

Dispute over Strait Management Right continues; Short-term bearish factors dominate aluminium price
Primary AL
SHFE aluminium settled at RMB 22,515 per tonne, plunging 2.19 per cent, with an intraday fluctuation range of 22,455–22,990. The price was well below all key moving averages (MA5=22,985, MA10≈23,622, MA30=24,085.5, MA60=24,460.67), with the moving average system in a bearish alignment and accelerating its divergence, intensifying the weak pattern. The MACD showed DIF=-420.88, DEA=-284.31, a death cross downward, and the negative histogram bar expanded to -273.16, indicating persistently stren ...
LME aluminium price graph: Recovery appears on June 26 as cash climbs to $3,164/t; stocks slip 0.4%
Primary AL
The LME aluminium price graph of June 26 reported gains after remaining on a declining graph in the previous three sessions. As cash, contracts and three-month Asian benchmark prices improved, warehouse stocks continued to decline. The LME aluminium cash bid and offer prices gained 1.02 per cent day-on-day. The bid rose to USD 3,162 per tonne from USD 3,130 per tonne. The offer improved to USD 3,164 per tonne from USD 3,132 per tonne.   Explore the relevance of red mud in the sustainable al ...

Primary AL
In early trading, the SHFE aluminium 2606 contract's centre ran significantly below the level seen in the same period of the previous trading day. As aluminium prices declined to their lowest recent levels, overall market buying sentiment improved M-o-M from yesterday, pushing transaction prices higher. Mainstream transactions were made at a discount of RMB 20-40 per tonne against the SHFE aluminium July contract. Today, the East China shipment sentiment index was 2.9, down 0.08 M-o-M; the pu ...
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