On Friday, July 10, which coincides with July 1, this exchange ended its work while the one-month sale of aluminum had decreased to $2435.5 (ton). The quarterly sales of this metal decreased from $2,456 (tons) to $2,444 (tons) on Friday, July 10.
The excessive decrease in the price of aluminum in the London Metal Exchange is mostly due to the corona policies implemented by China. Quarantine of Shanghai is one of the most important factors affecting the reduction of aluminum prices. Improving energy supply conditions in China boosted daily and monthly aluminum production again. China's energy policies are aimed at maintaining aluminum production in anticipation of Russia's attack on Ukraine so that the market does not suffer a big blow.
Despite the adoption of this policy, the stock of aluminum metal in the market still decreased, so that it decreased from 388,750 tons to 369,675 tons on Friday.
