CHINA ALUMINA SNAPSHOT: Price declines again on poor demand, downstream weakness

Key data from Fastmarkets’ pricing session in Shanghai on Thursday March 19.


Key drivers

The rapid spread of the novel coronavirus (2019-nCoV) outside of China has weakened demand for aluminium, while the recovery of downstream industries in China remains slow. The front-month aluminium contract on the Shanghai Futures Exchange closed at a four-year low of 11,750 yuan ($1,656) per tonne on Thursday, leaving aluminium producers unwilling to acquire more...

Published

Hui Li

March 20, 2020

13:44 GMT

Shanghai