SHFE Aluminum Ingot Price

SHFE aluminum price refers to the daily futures price benchmark for electrolytic aluminum traded on the Shanghai Futures Exchange, serving as a key reference for China's aluminum market.

SHFE prices are important because: 1) They reflect China's domestic supply-demand dynamics, 2) They influence global aluminum pricing, 3) They provide a hedging tool for producers and consumers.

Manufacturers use SHFE prices to: 1) Set raw material costs for procurement, 2) Hedge against price volatility, 3) Plan production and inventory levels based on market trends.

Key drivers include: 1) Changes in China's macroeconomic policies, 2) Global aluminum supply disruptions, 3) Fluctuations in energy costs, 4) Speculative activities in the futures market.

Official data sources: 1) Shanghai Futures Exchange official website, 2) Financial news platforms, 3) Brokerage trading software. Third-party platforms typically lag by 15-90 minutes.