The huge difference between supply and demand in the two places, the current Shanghai and Guangdong aluminum spreads again widened to 400-500 yuan level, the South China Sea is in an extremely low inventory of about 5,000 tons, some middlemen are in embarrassing situation of no goods available. As t ...read more...
Due to macro-control and a series of policies restricting the excessive development of electrolytic aluminum, the domestic aluminum price was suppressed last year and was hovering near the production cost for a long time. After the policy of canceling export tax rebates and levying 5% of export tari ...read more...
LME market: The London Metal Exchange (LME) base metals closed lower on Monday, traders said, due to the rise in the US dollar triggered investors to close out. Three-month copper night market composite trading closed down 42 US dollars to 3,250 US dollars per ton, spot price The three-month copper ...read more...
Metal prices on the London Metal Exchange (LME) were mixed on Thursday, with aluminum falling by nearly 1% due to a stronger US dollar triggering fund selling, but zinc recovery on dips in buying support. Zinc fell sharply on the previous day. Traders said. Investing cautiously before Easter, before ...read more...
London March 22 news, LME base metals closed higher on Tuesday, affected by the weakening US dollar, but trading is quiet, because the market is cautious before the Federal Reserve Board (FED) announced interest rate decision. The three-month copper overnight market closed up 29 U.S. dollars at 3,27 ...read more...
Singapore March 21 news, the current period of aluminum is located near 1,990.50 US dollars. Dealers said that in the short-term, LME aluminum futures are in a stalemate and will be traded at between 1,950-1,960 USD, followed by the USD 2,015-2,020 area. Triland Metals stated that it was estimated t ...read more...
Last week (March 21 to June 25), Lun aluminum fell mainly due to oscillations, and the market appeared some signs of panic. The U.S. economic data last week was not ideal. The federal funds rate rose again, inflation began to increase, real income of workers declined, and the rate of housing starts ...read more...