Today future market of aluminum highest point 22810 RMB and lowest point 22380RMB. Tianjin Yikuo Analyst Mr li think the price will keep increasing as clean energy policy in China is pushed by government.
meanwhile, China aluminum stock start to decrease 10%.
What gives market more confidence is that right now downstream processing factories already accept the high aluminum price.
In the past 5 months, aluminum price changes from 24480 RMB to 18800 RMB, around 1000 USD per ton fluctuation which makes the whole market more active.
Many investors start to move the money from stock market to aluminum market.