Shanghai Aluminum did not jump with copper prices

London aluminum prices fell sharply in the evening and closed at $1,885, down $63. From a chart point of view, two consecutive large Yinxians have had a huge impact on the market, and the fund's profit-taking has emerged so that aluminum prices in the future will be under heavy selling pressure. Shanghai Aluminum did not dip sharply with copper prices today, compared with bargain-hunting and short-selling, leaving prices unscathed. The June contract closed at 16,630 yuan, down 190 yuan. When the overall metal price shows a turning trend, the aluminum price will fall less than the copper price due to the poor overall volatility. At the same time, there are also cost factors. The operation proposal may focus on buying aluminum and throwing copper. (Xu Junbin)

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