Three-month aluminum continued its technical decline from the $1,750 level and closed at $1,722, down $19.50. Norway's Hydro Aluminium has confirmed that it will close its Stade aluminium smelter, which is located in Germany with an annual output of 71,000 tons. The market reacted coldly to this. Three-month nickel rebounded from $14,500 and ended at 14,650, up 125. Zinc was hit by CTA selling, and the price fell more than 2% to US$1,240.50 per ton, down by 31.50. Lead fell by 2 to 939, while Tin closed at 7,325, and last week reported $7,300. Plastics futures are close to the contract high and maintain their recent strength. Traders said that price fluctuations reflect the physical market trend. Prices of ethylene and propylene have started to pick up after continuing to decline last year, as producers in Europe, Asia and North America have recently cut output. The September polypropylene (PP) contract was quoted at US$1,005/1,015 per ton, and closed at 1,007.50 on Monday. In September, the contract for linear low-density polyethylene (LLDPE) closed up US$5 to 1,010.
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