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 market activity. The recommended core trading range for SHFE aluminium is 23,900-24,300. LME aluminium closed at USD 3,601.5 per tonne, down 0.17 per cent, with price slightly below MA30 (3,604.33) but above MA60 (3,527.53), under short-term pressure but with medium-term support intact. The MACD indicator showed DIF=25.82, DEA=38.8, with the death cross persisting, the negative histogram widening to -25.97, and bearish momentum strengthening. The recommended core trading range for LME aluminium is 3,570-3,630.