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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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2025-4-29
Item
SHFE
Change
Cu
116753
-54858
Al
178597
-11871
Zn
51378
-7207
Item
LME
Change
Cu
202500
-300
Al
417575
-2000
Zn
177550
-1775
Ni
201564
+138
2023-5-15
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