• The three-month aluminum of the London Metal Exchange (LME) closed down $20 to $1,805, as the rebound in the dollar weighed on market sentiment. Aluminum futures of Shanghai Futures Exchange slightly increased, and the current contract is currently at around 15,840 yuan/ton. The spot price picked up gradually, and the buyers took advantage of the low price to become the driving force for aluminum prices. After the market opened, the suppliers raised their quotations again. Since the buyer entered the market positively, the price rose slightly in the afternoon. Today's trading range is between yuan/ton. At present, alumina and electricity prices remain at a relatively high level, and the cost of electrolytic aluminum has remained high. Spot aluminum prices are under the cost for several days, coupled with short-term sources of tension, with aluminum companies waiting for opportunities to enter the market, aluminum prices are expected to stabilize again to 16,000 yuan / ton above. Copper fell sharply on Monday, causing some impact on local copper prices. Due to the extremely tight supply, copper is quickly stabilizing again to the previous level of RMB 30,500/t. Pre-holiday copper prices are expected to remain in the range of. From January 1st to January 6th, the total capacity of the South Reserve was 7,721 tons, with a total inventory of 13,639 tons.
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