Aluminium ingot inventory buildup pressure rises, aluminium prices mainly under pressure
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Update time : 2026-02-09 15:08:29
Futures: Last Friday, SHFE aluminium night session closed at RMB 23,585 per tonne, up 0.98 per cent, fluctuating rangebound during the session. The price traded below the short-term moving averages, MA5 (23,610) and MA10 (24,118), under short-term pressure, but remained above the long-term MA60 (22,945.17), with the medium-term foundation intact. The MACD indicator's DIF (79.9094) and DEA (278.9238) showed a high-level death cross, with the histogram deeply negative (-398.0288), indicating significant downward momentum.
The suggested core trading range for SHFE aluminium is 23,400–24,000. LME aluminium night session closed at USD 3,110 per tonne, up 2.78 per cent, with notable gains. The price stood above MA60 (USD 2,991.28) but slightly below MA30 (USD 3,114.58), showing some repair in the medium-to-long-term structure, though short-term moving average pressure remains. The MACD indicator's DIF (14.0760) and DEA (36.3308) were in a death cross, but the negative histogram value (-44.5096) narrowed, suggesting weakening downward momentum. The suggested core trading range for LME aluminium is USD 3,080–USD 3,150.
