Industry News

Aluminum prices rise in SHFE amid strong demands

Views : 64
Update time : 2024-05-28 16:48:48
According to the report, due to limited supply and the rapid growth of consumption in the solar energy and electric vehicle industries, speculative transactions that have led to an expected increase in demand have affected the price of the main raw material, alumina, to rise strongly.

The Shanghai Futures Exchange's (SHFE) traded alumina contract rose last week, driving SHFE aluminum futures prices to rise on May 27. Besides, the London Metal Exchange (LME) was under the bank holiday today.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices