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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.

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