UTC+8 ( BJT)

MYMETAL: Stocks slide lifts China Al price to 9-year high

Prices of primary aluminium in China’s domestic market skyrocketed to a nine-year high by the end of last week as the stocks of primary ingots in the spot market dipped further, indicating a relatively tight supply and demand balance, according to the latest weekly survey by Mymetal, Mysteel’s nonferrous metals data collection arm.
Mymetal’s latest survey showed that over November 24-30, total aluminum stocks at Shanghai Futures Exchange-registered warehouses and in 13 cities nationwide reversed down by 21,000 tonnes or 3.4% on week to reach 597,000 tonnes as of November 30, a new low since early January. The stocks had inched up in


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227