Aluminum prices in Shanghai on October 22 fell to their lowest in more than a month as a cooling coal price in China eased concerns about a shortage of this metal.

Aluminum for November delivery on the Shanghai Futures Exchange fell 7.4% to 21,550 yuan ($3,369.40) a tonne, the lowest level since September 6.
Three-month aluminum futures on the London Metal Exchange rose 0.7 percent to $2,932 a tonne, in the previous session, aluminum prices fell 5.5 percent.
China’s thermal coal futures fell 11%, continuing a downward trend since Tuesday, when coal prices rose to a record high and Beijing signaled it would intervene to cool prices. increase, helping power producers out of a large-scale power crisis.
Aluminum is considered the base metal most affected by widespread production restrictions in China – the world’s largest metal producer, because the process of smelting aluminum consumes a lot of energy. .
Meanwhile, aluminum inventories at Shanghai warehouses rose for four straight weeks to their highest since Aug. 27, while aluminum stocks in China rose to their highest since May 27. is 957,000 tons.
On the London bourse, copper rose 1% to $9,928 a tonne, nickel fell 0.1% to $19,915 a tonne and zinc rose 0.9% to $3,461 a tonne.
On the Shanghai futures exchange, copper fell 1.8 percent to 72,850 yuan a tonne, nickel fell 4% to 150,460 yuan a tonne and zinc fell 3.8% to 24,840 yuan a tonne.

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