On Wednesday, the London Metal Exchange's (LME) three-month aluminum contract closed up $12 to $2,698/ton on the London Composite Late Night. Standard Bank reported that aluminum prices still have room to rise. The daily LME aluminum contract was 119,042 contracts, lower than the 163,744 lots on Tuesday; the holding positions decreased by 2,577 lots to 546,487 lots, and the premium between the spot/three months was 24.3/22.3. The three-month aluminium contract price of LME today fell by US$2 to US$2,696 in Asian electronic trading. Today, Shanghai Aluminum on the Shanghai Futures Exchange was slightly lifted by London Aluminum overnight. The price of aluminum fell slightly after the start of the session, followed by shocks. Today's aluminum prices have followed the trend of copper in the early stages. Same-day transactions were mild and positions were significantly reduced. 140,794 lots were traded throughout the day, far lower than the 193,522 lots on Wednesday, and the holding positions decreased by 4,424 lots to 179,804 lots. Most of the end of the session are moderately closed and owed between 0-100 yuan. Among them, the main contract of January 2007 opened at 20,160 yuan and ended at 20,120 yuan. It was 100 yuan higher than the settlement price on Wednesday. The daily high was 20,230 yuan, and the daily low was 19,960 yuan. The January contract totalled today. Turnover was 104,610 lots, which was lower than the 141,562 lots held on Wednesday; positions were reduced by 4,350 lots to 70,474 lots. The spot November contract closed at 20,600 yuan, up 70 yuan from the settlement price on Wednesday. In the spot market, prices have steadily declined. The quoted price of Chinalco East China fell by 100 yuan compared with the previous day to 21,500 yuan. The offer price in the southwest region decreased by 100 yuan from the previous day to 21,200 yuan. The offer price in South China fell by 100 yuan from the previous day to 21,600 yuan. The non-ferrous metal spot market in the Yangtze River was quoted at RMB 20,900-21,000, down RMB 160-200 from the previous day's price of RMB 21,100-21,160. Huatong’s non-ferrous metal spot market price was down RMB 180 and RMB 190 respectively. They were quoted at 21,050 yuan and 20,950 yuan respectively, while Guangdong non-ferrous metal spot prices were flat at 21,200 yuan. On the supply side, the Secretary-General of the China Nonferrous Metals Industry Association’s Aluminum Sub-Committee said that with the tightening of domestic supplies, China’s 2006 aluminum exports including aluminum alloy and aluminum may increase by 18% to 2.4 million tons, while China This year's primary aluminum production capacity will reach 11.8 million tons; in addition, he also pointed out that China will increase the frequency of tariff adjustments in the future, but next year China is unlikely to further increase the export tariff of electrolytic aluminum, unless the domestic electrolytic aluminum production capacity changes dramatically . Ukraine's January-October output of alumina was 1.397 million tons, a year-on-year increase of 3.81%; October alumina production increased by 6.8% year-on-year to 143,600 tons. From January to October, Ukraine’s primary aluminum production fell by 1.53% year-on-year to 93,793 tons. The U.S. Department of Commerce announced on the 9th that U.S. aluminum exports in September fell 31.6% on a month-to-month basis, but rose 37.7% year-on-year to 4,509.216 million kilograms. LME aluminum stocks today increased by 1,700 tons to 681,925 tons. Shanghai Aluminum still oscillated to finish the market today, but the focus of trading has shifted upwards, with both long and short sides not showing significant movements, but the bullish sentiment has recovered. If London Aluminium can under pressure more than 2,730 US dollars in the near future, Shanghai Aluminum is expected to continue its rebound. The Shanghai aluminum future is expected to remain within the range of oscillation. The operation suggests trading in short-term trades on the stock market, which can be high-selling and low-sucking, and pay close attention to the trend of the outer disk. Slewing Ring We are a professional manufacturer of hydraulic accessories for crawler excavators Professionally provided aftermarket customers with various brands of crawler excavator Final Drive , Travel Motor , Travel Gearbox, Swing Device , Swing Motor ,Swing Gearbox,Hydraulic Pump, main Control Valve and other accessories.Strictly controlling the quality acceptance of each product Standards to ensure high-quality qualified export of each product.At the same time, we can customize the production services of the products through the drawings according to customer needs, and make every effort to make the perfect product in the mind of each customer. Slewing Bearing,Slewing Ring Bearing,Slewing Gear,Slewing Ring Drive Jining Juheng Hydraulic Machinery Co., Ltd. , https://www.sdjuhengmachine.com
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