Aluminum futures are financial instruments used for trading aluminum as a commodity. Traders can speculate on the future price of aluminum and manage their exposure to price fluctuations. An aluminum futures contract represents an agreement to buy or sell a specific quantity of aluminum at a predetermined price and date in the future. These contracts are traded on commodity exchanges, such as the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). Aluminum futures are utilized by various market participants, including aluminum producers, manufacturers, and investors. The price of aluminum futures is influenced by factors such as global supply and demand dynamics, economic indicators, geopolitical events, and industrial applications of aluminum.
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