Aluminum Enterprise resumes production of Shanghai Aluminum

[Chinalco.cn] Domestic aluminum prices have been falling since the beginning of September. As of now, the Shanghai aluminum index has fallen from around 15,000 to below 13900, a drop of 1100 points or 7%, which is in sharp contrast with its March-August period. Rising prices form a strong contrast. The decline in aluminum prices was mainly due to the fact that after the gradual closure of the micro-stimulus policy, the Chinese economy once again showed a weak phenomenon, and the aluminum market was not booming during the peak season. When the prices were high, the domestic aluminum enterprises resumed production more, resulting in aluminum prices. Tumbled. On the macro level, after the Fed minutes were announced in September, the market turned to China. Since the publication of the third quarter data and the convening of the Fourth Plenary Session of the 18th Central Committee were all concentrated in late October, after the United States factors came to an end, the expectations of China’s policies may gradually increase. On Wednesday, London opened at 1955 US dollars, higher point reported 1958 US dollars, a lower point of 1925.25 US dollars, compared with the end price of 1941.50 US dollars, compared with the previous day's closing price fell 14.25 US dollars, a decrease of 0.73%. On Thursday, the Shanghai aluminum main contract AL1412 opened at 13,970 yuan. As of the press release, the high point is 13,970 yuan and the lower point is 13,760 yuan. Concerned about the support of the front line of 13,800 yuan, we expect little room for price to continue to fall.

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