China's Aluminium Market Currently Looking "Tight": Macquarie – ValueWalk Premium

China's Aluminium Market Currently Looking "Tight": Macquarie

As the world’s largest producer of aluminium, and with slower-than-anticipated ingot inventory build and stronger prices, China’s aluminium market is currently looking “tight” report Macquarie analysts. Lynn Zhao and colleagues in their March 29 piece titled: “Ali strength in China unlikely to last” don’t envisage strength in alumina prices to last much longer.
Aluminium inventory in China hasn’t risen much
Last December, China’s aluminium smelters pledged to put a hold on starting new mills and keep idled capacity closed after prices slumped to the lowest in six years. The

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