China's aluminum prices continue strengthening

Source: Mysteel Jan 22, 2025 15:45

Chinese prices for primary aluminum gained more ground last week, with market sentiment staying buoyant while stocks of aluminum ingots held by retailers thinned further, Mysteel Global noted.

The slower-than-expected increase in the Core Consumer Price Index in the US last month – a sign that inflation pressures are easing– reignited market expectations for interest rate cuts and gave a strong boost to nonferrous prices globally last week. On January 17, the most-traded aluminum contract on the Shanghai