September 20, 2023

Both the stock market and crude oil declined, causing London aluminum to edge down by 0.07% overnight. The supply impact of Yunnan’s full production in August and increasing imports has gradually formed, with no clear indication of strong demand in the peak season for end-users, suggesting a potential decline in aluminum prices today. In the […]

Caution Prevails in the Lead-Up to the FED Decision; Overnight London Copper Falls by 0.51%: Global Copper Stockpiles Accumulate, Domestic Spot Supply Abundant, Exerting Downward Pressure on Copper Prices, while the Eleven Holiday Restocking Has Not Yet Commenced, Potentially Leading to Further Copper Declines. Both Stocks and Crude Oil Decline; Overnight London Aluminum Edges Down

According to foreign media reports on September 19th, it is reported that Rio Tinto Group, the world’s second-largest iron ore producer, believes that China’s steel consumption is nearing its peak, and demand next year may be similar to that in 2023. In recent months, China’s demand for iron ore, the main raw material for steel