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SHFE aluminum has risen continuously for days in this week, hitting a new high in the past 2 years.
2020-11-13

 

Nov 13(LTIT) ¨CRecently, SHFE aluminum has continuously strengthened, with the futures price standing firm at 15,000-line, and the aluminum price has stepped up. Today, the main contract of SHFE aluminum hit a high of 15,565 yuan/ton, hitting a new high in two years. The strong fluctuation of aluminum price is mainly due to the continuous decline of domestic aluminum inventory driven by the strong demand of downstream terminals. At present, domestic aluminum inventory is in a low position. On the whole, the inventory is low and the consumption is stable, which is basically strong. In addition, before delivery, the price of aluminum is stimulated to hit a new high because of the long soft squeeze and fund speculation.

 
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2024-4-25
Item
SHFE
Change
Cu
300045
+322
Al
228537
-3228
Zn
131747
+4113
Item
LME
Change
Cu
120400
+175
Al
494875
-1675
Zn
254500
-600
Ni
77622
+744
2023-5-15
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