Three-month aluminum on the London Metal Exchange rose by $7 to 1,849. Aluminum futures of Shanghai Futures Exchange rose slightly, and the contract for the current month is currently around 16,180 yuan/ton. The spot price did not change much and the market was extremely light. The daily turnover of the market has shrunk and the trading volume has been light. Although aluminum prices rose slightly, spot price quotations continued to decline due to buying momentum. Today's trading range is between yuan/ton. The representatives of the aluminum plant near the Spring Festival are preparing to go north for the New Year and basically remain reluctant to sell. Pre-holiday aluminum prices are not expected to change much. Copper City: Copper is still strong. The supply is tight, and the spot premium is in the 800-1000 yuan level for a long time. At the same time, inventory continued to decline, last week, the Shanghai Stock Exchange announced inventory of 19,463 tons, a reduction of 9884 tons. In the futures market, squeezed positions are still in progress and short-term copper prices are still strong.
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