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Shanghai Aluminum Futures Rebound 0.97% on May 13, Up 240 Yuan/Ton Amid Cautious Macro Sentiment

GateNews

2026-05-13 08:46:09

According to Jin10 Futures, Shanghai aluminum futures rebounded on May 13, with the main contract closing up 240 yuan/ton, or 0.97%. Macroeconomic pressure intensified as U.S. April CPI rose 3.8% year-over-year, the fastest pace since 2023, leading markets to lower expectations for Federal Reserve rate cuts. Domestically, aluminum ingot inventory declined but consumption signals remain weak ahead of the traditional off-season. Supply remained stable with cost support in place. Overall, aluminum prices are expected to consolidate at elevated levels amid cautious sentiment and supply-demand dynamics.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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