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 71,700 lots, indicating the rebound lacked volume support. The suggested core range for SHFE aluminium is 23,900–24,300. LME aluminium settled at USD 3,539 per tonne, up 0.41 per cent, with an intraday range of USD 3,527.5–USD 3,545.5.
The price moved back above the MA60 (USD 3,526.37) but remained capped by the MA5 (around USD 3,544), and the short-term moving average bearish alignment had yet to reverse. The MACD: DIF=-4.66, DEA=19.36; the death cross persisted, and the negative histogram narrowed to -48.05 (vs. -55.71 the prior day), suggesting a slight easing of bearish momentum. The suggested core range for LME aluminium is USD 3,500–USD 3,570.