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. This content is exclusively for paying members of ValueWalk Premium Gain Exclusive Access to the Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with ValueWalk Premium Get Started Now with a FREE 7-Day Trial 🔻 If you are a current ValueWalk Premium member and are having an account error please clear cache and cookies. If that does not work, email [email protected] or click Chat.
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
