Aluminum prices continue to rise!! Today’s aluminum price! Aluminum ingot price! （2024.8.21）

Recently, the panic caused by the reversal of the Japanese yen carry trade, which has led to significant fluctuations in overseas asset prices, and concerns about the US economic recession has subsided. The prices of non-ferrous metals have stabilized and rebounded, with London Aluminum performing relatively better than other LME non-ferrous metal varieties in August, repairing the relatively weak performance of London Aluminum in July. Since August, Shanghai Aluminum (19740, -155.00, -0.78%) has had relatively limited growth, and the loss on aluminum ingot imports has expanded, which is in line with expectations. Is there any fundamental support during the rebound of Shanghai Aluminum and London Aluminum? What is the future trend of fundamentals?

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