Experts predict the trend of aluminum futures in Shanghai on May 15

On May 12th, Shanghai Aluminum's main contract opened with a daily limit, and it oscillated sharply, closing slightly higher across the board. Industry analysts believe that in the domestic supply of adequate circumstances, the external disk on the pull of prices is still decisive, Shanghai aluminum will rise in shock.

On Friday, May 12, the Shanghai Futures Exchange (SHFE) aluminum main 608 contract opened at 24,730 yuan, closing at 23,990 yuan, up 430 yuan; spot 605 contract closed at 23,400 yuan, up 410 yuan.

Hongye Futures Analyst Zhao Diejia believes that Renton Aluminum has fallen slightly after rising sharply, and Shanghai Aluminum’s rising pattern remains good.

The president of Aluminium Brazil (Aluminio) said on the 11th that the company will invest US$1.68 billion in the next three years to increase the production of alumina and bauxite in Brazil. In September, the company announced the investment and was approved by the Alcoa shareholders meeting in late 2005. The larger portion of this investment was to invest $1.1 billion in the company's alumina refinery in Maranhao, northern Brazil. The expansion project will increase the refinery's capacity in the next three years from 1.5 million tons to 3.5 million tons.

On May 12, industry officials and traders said on the 11th that China is reducing its alumina imports, because domestic production has increased, but the amount of alumina ore and bauxite mines that China is purchasing has been increasing. The rise in alumina prices has prompted investors and Chinese smelters to set up alumina refineries, even if they do not have their own mining in the country, which boosts China’s import demand for imported bauxite.

Two Handle Basin Faucet

What is a two handle faucet?

Distinctive Features: A two-handle faucet features two separate handles on either side of the spout: one handle for cold water, and one for hot. Associated with more traditional or country style kitchens.


How do two handle faucets work?

Compression-Style Faucet

Compression faucets have two separate handles. When the handle is turned, it raises or lowers a washer or seal that closes against a valve seat at the base of the stem to restrict water flow through the faucet body when you turn the handle off. ... When this happens, the tap drips or drools.


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