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New Week Aluminum Price Survey: The Fundamentals Are Not Getting Better
Jan 22, 2018

Last week the aluminum price tumbled both at home and abroad due to domestic fundamentals deterioration. But after strong rise in outer and domestic heavy pollution cause restricting output under the influence of speculation, the Shanghai aluminum rebound. As of Friday, the main contract for Shanghai aluminum had closed at 14,765 yuan per ton, weekly increasing by 2.15 percent. LME aluminum closed at $2,261 a tonne, up 1.85 percent. For this week's aluminum price survey, the analysts who saw the shock accounted for more than half, and short analysts accounted for nearly 30 percent, while the long accounted for less than two percent.

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