SHANGHAI, Oct. 21 (SMM) – Aluminum prices in China will face tough time in Q4 as supply & demand dynamics will be unfavorable, Shanghai Metals Market foresees.
Aluminum stocks in China’s five major markets - Shanghai, Wuxi, Nanhai, Hangzhou, Gongyi - soared to 1.01 million tonnes as of October 15, a trend to continue into Q4. Moreover, supply gap from production cuts will be quickly filled by new capacity.
Consumption, on the other hand, is unlikely to pick up, pressuring prices for the light metal.
For news cooperation, please contact us by email: firstname.lastname@example.org or email@example.com.