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Today, aluminum prices fluctuated and declined, with the LME three-month aluminum contract trading at $2,236 per ton at 15:01 Beijing time, down $6 from the previous trading day’s settlement price, a decrease of 0.27%. The Shanghai aluminum front-month contract, 2311, opened at 19,420 yuan per ton, reached a high of 19,642 yuan per ton, and […]

Today, aluminum oxide futures prices fell across the board, with the main contract opening lower, trading weakly throughout the day, and closing lower at the end of the session. As of the day’s close, the main aluminum oxide contract for 2312 was priced at 3027 yuan, down 32 yuan, a decrease of 1.05%. A total

Foreign media reported on October 6th that the consequences of the 2022 collapse of nickel trading on the London Metal Exchange (LME), including potential challenges to its nickel contracts and the fate of the exchange itself, will become a hot topic in the metal industry in London next week. On March 8th of last year,

LME copper stocks continued to rise, exerting pressure, and London copper closed down by 0.32% over the past week. The copper price remains somewhat strong due to the relatively favorable macroeconomic policy environment in China. However, the lackluster performance of the end-user market during the peak season is suppressing price trends, with copper expected to

Crude oil prices have once again surged past the $100 mark, driving the commodity market higher. Overnight, London aluminum showed strength, closing with a gain of 1.31% at $2,251 per ton, up $29, with trading volume decreasing by 2,166 lots to 16,833 lots and open interest decreasing by 833 lots to 630,899 lots. Shanghai aluminum

On September 23rd, foreign media reported that South Korean company LG Chem Limited (LG Chem) has announced a partnership with Youshan, a subsidiary of China’s Huayou Group, to establish a joint electric vehicle (EV) battery materials factory in Morocco, as part of their efforts to diversify their investment portfolio. As more Chinese electric vehicle and

Fed policy hawks helped the dollar surge, overnight London copper closed down 1.35%; The increase in LME inventories continues to weigh on market sentiment, and the fundamental oversupply of Shanghai copper has depressed price performance, and copper may fall today. Us stocks plunged to a new low of more than half a year, overnight Lun

Futures market: Fed more than expected hawkish US stocks sold off, overnight Lensch closed down 2.23%; The latest close was 25,590, down 585 dollars or 2.23% from the previous trading day, with 451 lots traded, an increase of 47 lots from the previous trade, and a decrease of 154 positions of 14778; Domestic, the night

Both the stock market and crude oil declined, causing London aluminum to edge down by 0.07% overnight. The supply impact of Yunnan’s full production in August and increasing imports has gradually formed, with no clear indication of strong demand in the peak season for end-users, suggesting a potential decline in aluminum prices today. In the

Caution Prevails in the Lead-Up to the FED Decision; Overnight London Copper Falls by 0.51%: Global Copper Stockpiles Accumulate, Domestic Spot Supply Abundant, Exerting Downward Pressure on Copper Prices, while the Eleven Holiday Restocking Has Not Yet Commenced, Potentially Leading to Further Copper Declines. Both Stocks and Crude Oil Decline; Overnight London Aluminum Edges Down