Rise up! Rise up! Rise up! Aluminum prices are rising again! Latest Consultation
Futures and spot prices Main contract of Shanghai Aluminum: On January 17, 2025, the main contract of Shanghai Aluminum 2503 opened high and rose high. As of 10:15, the closing price was 20460 yuan per ton, an increase of 155 yuan, or 0.76%. On January 16th, the main contract of Shanghai Aluminum closed at 20265 yuan/ton, an increase of 1.02%. Changjiang spot: Changjiang spot A00 aluminum ingots will be quoted at 20340 yuan per ton on January 17, 2025, an increase of 140 yuan. SMM spot: The average price of ASM spot A00 aluminum on January 16th was 20260 yuan/ton, and the average price of A00 aluminum ingots at the premium level was -90. Scrap aluminum price: On January 17, 2025, Tianjin’s raw aluminum (including iron<3%) was 15850-16050 yuan/ton, an increase of 50 yuan from the previous trading day; Taizhou’s raw aluminum (containing less than 3% iron) costs 16650-16850 yuan/ton, an increase of 50 yuan from the previous trading day, and the prices of scrap aluminum in various regions have increased to varying degrees. LME Aluminum: The London Metal Exchange LME Aluminum Real Time CFD is $2568.00, up $29.00 or 1.14% from the previous trading day. Market dynamics In terms...