UTC+8 ( BJT)

MYMETAL: China Al price softens amid mounting stocks

Chinese domestic prices of primary aluminum dipped further last week, with the rise in inventory levels indicating a softening of demand among end-users, according to the latest weekly survey by Mymetal, Mysteel’s nonferrous metals data collection arm.
As of January 12, Mymetal’s assessment of China’s national price of 99.7% aluminum ingot had eased to Yuan 15,034 tonne ($2,326/t) on delivery and including 13% VAT, down another Yuan 659/t on week. Total aluminum stocks at Shanghai Futures Exchange-registered warehouses and in 13 cities nationwide grew for the second week

............

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

FREE TRIAL
+65 6653 8227