SHANGHAI, Aug. 28 (SMM) – While aluminum prices corrected down recently, the correction is reasonable following big price gains, according to a report issued by Nonferrous Metals Research Team of Huatai Securities on August 28.
Bulls Watch Out: Aluminum Stocks in China Exceed 1.5 Million Tonnes, SMM Warns
Aluminum price rise cycle has just started. Spot aluminum prices reached 16,300 yuan/tonne on August 24 and look set to rise further to 18,000 yuan/tonne or even 20,000 yuan/tonne later this year.
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