Overnachting, de meest verhandelde SHFE 2311 aluminiumcontract geopend om 18,965 yuan/mt, met zijn laagste en hoogste op 18,920 yuan/mt en 19,000 yuan/mt vóór sluitingstijd om 18,955 yuan/mt, omhoog 45 yuan/mt or 0.24% compared with the previous trading day. LME aluminum opened at $2,180/mt on Wednesday, with its high and low at $2,199/mt and $2,178.5/mt respectively before closing at $2,189/mt, an increase of $12/mt or 0.55%.

Recently, the swinging expectations of short-term interest rate hikes and the intensification of the Palestinian-Israeli conflict added uncertainty to market. Domestic favorable policies continue to be issued, promoting economic recovery. Although social inventories gradually accumulated after the holiday, the total inventory was still at a historical low for the same period, which had not brought much negative effects on aluminum prices. Aluminum prices may remain high and volatile in the short term, and market players should pay close attention to overseas macro changes.

RAYIWELL MFG / RuiYi aluminum is a professional player of aluminum materials in China, and the company can supply aluminum flat bar, aluminum flat plate, aluminium spoelen, coated aluminum coils, Aluminium plaat and aluminium billets, aluminium profielen.

Visit their site for more about aluminum products.