July 4 Guangdong Nanhai Non-ferrous Aluminum Market Analysis

Stimulated by the strong market, Shanghai Aluminum oscillated up slightly after opening higher this morning. Today's spot prices of spot aluminum ingots in southern China rose sharply and rose by RMB 170/ton. The transaction has improved. The increase in electricity prices has led to a significant increase in the cost of electrolyzed aluminum, which is known as electric tigers, and has become the basis for the rise in aluminum prices. With the improvement of the metal prices in July, the industry is generally expected aluminum prices still have room to rise.