Group 1 - The main contract for aluminum on the Shanghai Futures Exchange reached a new high since November 2024, closing at 20,900 yuan per ton, up 0.75% [1] - The analyst from a futures company stated that the aluminum fundamentals are the strongest among base metals, supported by a limited smelting capacity of 45 million tons and rising alumina prices [1] - As of July 18, the total aluminum inventory monitored by the Shanghai Futures Exchange was 108,822 tons, the lowest since February 2024, despite a rebound over three consecutive weeks [1] Group 2 - The International Lead and Zinc Study Group (ILZSG) reported a global lead market surplus of 1,000 tons in May 2025, compared to a shortage of 6,000 tons in April [1] - In the first five months of 2025, the global lead market had a surplus of 23,000 tons, down from a surplus of 68,000 tons in the same period last year [1] - The global zinc market faced a shortage of 43,900 tons in May 2025, contrasting with a surplus of 17,300 tons in April [1] Group 3 - LME copper inventory increased by 2,775 tons or 2.27%, reaching 124,850 tons, with the largest change occurring in the Guangyang warehouse, which added 1,500 tons [2] - LME three-month zinc rose by 0.14% to $2,842.5 per ton, while three-month tin increased by 0.1% to $33,845 per ton [2] - Three-month copper saw a slight increase of 0.07% to $9,866.5 per ton, while three-month lead and nickel experienced declines of 0.55% and 0.18%, respectively [2]
沪铝创近九个月新高 因需求有望改善
Wen Hua Cai Jing·2025-07-22 09:48