Is Chinese Economic Slowdown Really behind Tumbling Global Aluminum Prices?-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Nickel
  • MMi Iron Ore Port Index
  • Inventory data
  • Rare earths
  • Futures movement
  • Evening comments
  • Aluminium
  • Stainless steel spot
  • Morning comments
  • Copper
  • price
  • Sales data
  • SMM brief review
  • Operating rates

Is Chinese Economic Slowdown Really behind Tumbling Global Aluminum Prices?

Industry News 09:42:27AM Sep 14, 2015 Source:SMM

SHANGHAI, Sept. 14 (SMM) –Some have blamed China’s economic slowdown for slump in global aluminum prices, which have fallen to the lowest since July 2009. Is that really so? 

Rusal’s Deputy CEO Oleg Mukhamedshin held a different opinion, arguing that supply glut is the true culprit behind lower aluminum prices. 

In fact, demand for the light metal remains strong, Oleg Mukhamedshin said in an interview with finance.qq.com.    

The biggest issue facing the industry is the entry of new market players, which exacerbates already oversupplied market, Oleg Mukhamedshin added.  

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.


Is Chinese Economic Slowdown Really behind Tumbling Global Aluminum Prices?

Industry News 09:42:27AM Sep 14, 2015 Source:SMM

SHANGHAI, Sept. 14 (SMM) –Some have blamed China’s economic slowdown for slump in global aluminum prices, which have fallen to the lowest since July 2009. Is that really so? 

Rusal’s Deputy CEO Oleg Mukhamedshin held a different opinion, arguing that supply glut is the true culprit behind lower aluminum prices. 

In fact, demand for the light metal remains strong, Oleg Mukhamedshin said in an interview with finance.qq.com.    

The biggest issue facing the industry is the entry of new market players, which exacerbates already oversupplied market, Oleg Mukhamedshin added.  

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.