China's bullish aluminium market sentiment was dampened amid rumors that the State Reserve Bureau (SRB) would dump its aluminium reserves to cool down an over-heated market, Fastmarkets learned on Tuesday March 23.
SRB is rumored to be releasing 300,000-500,000 tonnes of aluminium stocks to the market soon, sources said.Shanghai Futures Exchange aluminium's front month contract touched its lowest at 16,500 yuan ($2,534) per tonne during the intraday trading, falling by 6% compared with yesterday's close at 17,540 yuan...