Mysteel: China aluminum prices retreat amid concerns over demand

On March 21, SHFE most-traded contract closed at Yuan 20,700/t, down Yuan290/t from a week ago. Mysteel daily assessment for spot aluminum decreased by Yuan 114/t to Yuan 20,794/t.

China's aluminum prices retreated last week amid concerns over demand. China's primary aluminum production rose further driven by restarts, but the growth remained slow and limited. Meanwhile, China's net import of aluminum ingot totaled 350kt in the first two months, lower than 471kt in the same period last year,