LME aluminum price stability, the price has been stable in the vicinity of 2,800 US dollars / ton, the short-term seems to have failed to find the factors leading to higher prices, the fund seems to be waiting for the short initiative to close the position to push prices. It is expected that the short-term aluminum price will remain stable under the control of the fund. Shanghai Aluminum was supported by the tight spot market, but spot prices have been further reduced as prices have risen.
It is expected that the short-term Shanghai Aluminum price will further increase at a later time after it has risen further. In particular, the trend of recent contracts is worthy of attention. Operationally, investors are advised to wait and see opportunities for later development.
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