The most-traded SHFE aluminium 2610 contract closed at RMB 23,835 per tonne, up RMB 215 from yesterday’s settlement price, an increase of 0.91 per cent It opened at RMB 23,800 per tonne during the session, fluctuating within a range of RMB 23,705-23,860 per tonne. The price is above MA5 (23,754.00), MA30 (23,620.50), and MA60 (23,637.50) but below MA10 (23,932.50). The medium and long-term moving averages are overall in a bearish arrangement, continuing to press downward, showing a structure of rebound followed by a pullback.
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