Aluminum Futures Diverge Between LME and Shanghai This Month; Further Upside Seen

GateNews
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According to Chinese Securities Journal, aluminum futures on LME and Shanghai exchanges have shown notable divergence in recent weeks, with overseas prices rising sharply while domestic contracts lag. Middle East geopolitical tensions have triggered supply constraints in global markets, but differences in inventory levels between regions have driven the price spread. Global aluminum supply remains tight, and as China's aluminum exports recover and domestic stockpiles begin to decline amid steady demand from new energy industries, both overseas and domestic aluminum prices are expected to sustain upward pressure in the medium to long term.
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