Aluminum is a light metal whose compounds are widely distributed in nature. The content of aluminum in the earth's crust is about 8% (weight), ranking third after oxygen and silicon. Among metal types, it is the second largest category of metal after steel. Aluminum has good electrical conductivity and ductility and has a wide range of applications, including light industry, electric power, electrical, electronics, automobiles, machinery manufacturing, construction, packaging and other industries. It is an important basic raw material for the development of the national economy.
The main factors affecting aluminum price changes: (1) Output and import and export volume; (2) Inventory volume; (3) The level of electricity bills; (4) The degree of application of related substitute products; (5) Improvement and innovation of production processes.
The main characteristics suitable for futures trading: A. Large production and sales volume, with many buyers and sellers; B. Uniform quality, simple specifications, and easy classification of grade standards; C. Easy storage and convenient transportation; D. Frequent price fluctuations