China’s Aluminium Market Currently Looking “Tight”: Macquarie

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Mani
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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 country now accounts for over half of the world’s aluminium production…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports