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Nov 13(LTIT) –Recently, 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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