Hai Jinpeng: Shanghai aluminum increase warehouse, the market aluminum prices will continue to expand

Domestic aluminum prices have risen strongly today. Far-month contracts have witnessed a long absence of substantial Masukura. As the closing contracts have almost closed at higher prices, there was an increase of 170-250 yuan compared with the previous trading day. The recent strong aluminum price is very strong. To a large extent depends on fundamental changes. First of all, the arrival of the post-holiday peak season has gradually led the supply-demand relationship to long positions. Second, China Aluminum raised the price of alumina last week. Limiting the fall of aluminum prices around 17,000 yen. In addition, the bull market in the surrounding market is still a large number of new funds into the market, the market aluminum aluminum prices will continue to expand.

(Xu Junbin)