Increased by the buying of funds, aluminum prices rose

On Tuesday, LAU continued to rise. After March aluminum opened lower at 1954.5, the aluminum price once fell and fell to 1952.5. With the strong buying, aluminum prices rose steadily, reaching a high of 1988, compared to a closing price of 1987, up by $29 from Monday. Volume was 133,961 lots, an increase of 56,630 lots from Monday; hand positions were 444,857 lots, an increase of 4,918 lots from Monday; inventory was 580,125 tons, a decrease of 4,650 tons compared with Monday. The London Metal Exchange (LME) copper futures rose on the 8th, boosted by the sharp decline in the US dollar. LME aluminum rebounded to a two-week high of $1,988/ton, and below the 10-year high of $1,988.50/ton. Affected by buying funds, aluminum prices rose. However, traders said that aluminum prices have benefited from fundamental tensions. It is expected that aluminum prices will be tested at US$2,000/ton next week. News side: JP Morgan revised its estimate of metal prices to reflect the current price increase, but at the same time pointed out in the report that physical demand and supply will continue to pressure metal prices in the second half of the year. . It further predicted that the aluminum price in the fourth quarter of 2005 will decrease from the average of 1900 US dollars/ton in the previous quarter to 1810 US dollars/ton. On the other hand, the recent rise in international oil prices has once again exceeded US$55/barrel. The continuous rise in the price of oil will surely affect the healthy development of the world economy again, thus suppressing the demand for metals and posing a significant pressure on the rise in aluminum prices. Operational recommendations: lighten up rallies, do more cautiously.