US Dollar Strength Pressures Non-Ferrous Metals; Aluminum Rod Prices Rise Modestly

News on November 13, 2024,

The US Dollar Index continued to strengthen today, putting significant pressure on non-ferrous metals, with aluminum prices experiencing a substantial decline. In terms of aluminum rods, the ex-factory price of 1A60 aluminum rods in Shandong today was recorded at 370 yuan/ton, an increase of 20 yuan/ton; the ex-factory price in Henan was 400 yuan/ton, up 50 yuan/ton; the ex-factory price in Inner Mongolia was 330 yuan/ton, up 30 yuan/ton; the delivered price of 1A60 aluminum rods in Guangdong was quoted at 570 yuan/ton, up 20 yuan/ton; the delivered price in Hebei was quoted at 470 yuan/ton; and the delivered price in Jiangsu was quoted at 570 yuan/ton, both up 20 yuan/ton. Today, the aluminum rod market performed stably, with processing fees rising slightly. However, downstream purchasing enthusiasm remained moderate, and market transactions were generally unchanged.......