Will Aluminium Market Replay Cobalt City?


Lun Aluminium sets the biggest consecutive increase in 30 years

Last December, Lun Aluminium’s gains for more than half a month had once made the market speechless. Now, Lun Aluminium's “combat capability” has once again escalated. It has achieved a 10% increase in the previous round in just five trading days, and it has hit its largest consecutive increase in 30 years, almost equaling its six-year high. On the other hand, although the domestic Shanghai aluminium futures market appears to follow up, but the momentum is clearly insufficient, continuous highs and lows trend, as of yesterday's close, Shanghai aluminium main contract closed at 14,325 yuan/ton.


2020-06-05
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