WEEKLY: China's Al prices strengthen on production cuts

ABSTRACT
Chinese prices of primary aluminum rebounded during February 14-21 after sliding in the prior week, as market sentiment was boosted by the news that smelters in Southwest China's Yunnan province have started to cut their production due to local power shortages, market sources observed.

China's national spot price of 99.7% primary aluminum ingot had gained Yuan 122/tonne ($17.7/t) from February 13 to Yuan 18,619/t including the 13% VAT as of February 21, according to Mysteel's assessment. Chinese prices of aluminum derivatives also strengthened, with the most traded aluminum contract for April delivery on the