In Shanghai,the base metals have opened largely higher on the Shanghai Futures Exchange after a two-day holiday.Changjiang spot alumium price(morning) amonuted to RMB13920/Ton(US$2032.1/Ton),Wednesday April 5.
The aluminum price once again seem to have run into dip-buying and the fact this has happened with the return of China from a two-day holiday is an encouraging sign. Seasonally, this quarter is a stronger time for industrial demand, generally high prices have dampened demand in the first quarter, which may have led to a degree of destocking, which in turn could lead to restocking.
Aluminum prices on the London Metal Exchange are getting some lift yesterday,Wednesday April 5. Aluminium prices have recently managed to set fresh highs .