Aluminum is a light metal, and its compounds are widely distributed in nature. The content of aluminum in the crust is about 8% (weight), ranking third only after oxygen and silicon. Among the metal varieties, it is the second largest category of metals, second only to steel. Aluminum has good conductivity and ductility, and has a wide range of applications, involving industries such as light industry, power, electrical, electronics, automobiles, mechanical manufacturing, construction, packaging, etc. It is an important basic raw material for the development of the national economy.
The main factors affecting changes in aluminum prices are:
(1) Production and import and export volume;
(2) Inventory quantity;
(3) The level of electricity bills;
(4) The degree of application of relevant alternative products;
(5) Improvement and innovation of production processes.
Main characteristics suitable for futures trading:
A. Large production and sales volume, with numerous buyers and sellers;
B. Uniform quality, simple specifications, and easy classification of grade standards;
C. Easy to store and transport;
D. Frequency of price fluctuations
