Aluminium settled down as weaker Chinese demand and overcapacity in the can market created pressure on the prices
China's oversupply of aluminium is closure of 420,000 tonnes of outdated capacity this year as Beijing's campaign to reduce pollution gathers some steam.
China's aluminium surplus may also reduce in the medium term through rising exports of fabricated aluminium products for use
Warehouse stock for Aluminium at LME was at 5264450mt that is down by -9500mt
For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704
0 comments :
Post a Comment