China's aluminium producer Jisco has started to place their smelters on maintenance following a multi-year low aluminium price on the Shanghai Futures Exchange, sources told Fastmarkets on Wednesday March 25.
The company idled 100,000 tonnes of aluminium capacity for an overhaul in the smelter, based in Jiayuguan city, last week but may increase the reduced capacity in the coming days if the low aluminium price persists, aluminium market participants close to Jisco told Fastmarkets.The front-month aluminium contract on the SHFE touched a four-year low of...