Aluminium prices staged a recovery on Friday, driven by a softer US dollar and diminishing market expectations for an imminent interest rate hike in the United States.
The most-traded aluminium contract on the Shanghai Futures Exchange (SHFE) rose 1.18% to settle at 22,755 yuan ($3,355.60) per ton.
The move marks a sharp reversal from earlier in the week, when aluminium prices on the London Metal Exchange (LME) hovered near three-month lows.
That prior weakness was fueled by a strengthening greenback and growing optimism regarding supply stability in the Gulf region, which had alleviated fears of logistical disruptions.
The current rebound underscores the sensitivity of industrial metals to shifts in US monetary policy sentiment.
As traders scaled back bets on aggressive Federal Reserve tightening, the resulting dollar weakness provided a tailwind for dollar-denominated commodities.