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MNI BRIEF: China Aluminium Rebound Likely In September

MNI (LONDON) - Aluminium prices in China are likely to trend higher in September given favourable macro conditions and declining production expectations in Yunnan, Shanghai Metals Market analysts said on Thursday.

China’s aluminium production was expected to grow near 1.4% y/y in September to around 3.6 million mt, with the most-traded Shanghai Futures Exchange aluminium contract to fluctuating between 18,750 and 20,100 yuan/mt, the analysts said. Following August's consumption off-season, orders from the photovoltaic and automotive sectors had improved, leading to slight recovery in some firms' operations, the analysts continued.

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MNI (LONDON) - Aluminium prices in China are likely to trend higher in September given favourable macro conditions and declining production expectations in Yunnan, Shanghai Metals Market analysts said on Thursday.

China’s aluminium production was expected to grow near 1.4% y/y in September to around 3.6 million mt, with the most-traded Shanghai Futures Exchange aluminium contract to fluctuating between 18,750 and 20,100 yuan/mt, the analysts said. Following August's consumption off-season, orders from the photovoltaic and automotive sectors had improved, leading to slight recovery in some firms' operations, the analysts continued.

Keep reading...Show less