CHINA ALUMINA SNAPSHOT: Lower seaborne deals, weak global demand drag domestic price down 5%

April 11, 2020 / www.metalbulletin.com / Article Link

Key data from Fastmarkets' pricing session in Shanghai on Thursday April 9.



Key drivers 

Extended lockdowns globally to tackle the spread of the Covid-19 virus has further stifled demand for aluminium including China's exported aluminium products.  The front-month aluminium contract on the Shanghai Futures Exchange hovers near four-year lows of 11,310 yuan ($ 1,601.30) per tonne, below production costs for smelters...

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