SMM

SHANGHAI, Apr 24 (SMM) - After opening at 18,750 yuan/mt last Monday, the most-traded SHFE 2306 aluminium contract moved all the way up to 19,275 yuan/mt on Thursday amid rumours that aluminium smelters in some regions would face power rationing. The contract pulled back on Thursday night due to bearish macro sentiment, and closed at 18,890 yuan/mt on Friday, up 351 yuan/mt or 1.89% on the week. LME aluminium opened at $2,386/mt last Monday, with its weekly low and high at $2,353/mt and $2,462/mt respectively before trading at $2,397/mt as of CST 15:00 on Friday, up $51/mt or 2.1% on the week.