Today, Shanghai Aluminum opened at 20,275 yuan/ton, the highest intraday was 20355 RMB/ton, the lowest was 19680 RMB/ton, the settlement was 20,05 RMB/ton, and it closed at 19780 RMB/ton in late trading, down 325RMB. Today, the trend of Shanghai's aluminum first rises and then declines.
Recently, overall domestic consumption tends to ease, aluminum production continues to decline, but inventories are still accumulating, and the support for aluminum prices is not strong.
The domestic policy pressure remains unabated, and coal prices have fallen again and dragged down aluminum prices.
