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Aluminium Prices Dropped Amid Robust Supplies From China.
Aluminium prices saw a slight decline of -0.29% yesterday, settling at 203.7, amidst robust supplies from China, the world’s leading producer of the metal. Growing inventory levels in both China and LME-registered warehouses have raised concerns about demand, although some analysts attribute this increase to a seasonal pattern as consumers prepare for second-quarter consumption. In China alone, aluminium inventory surged by 85% this year to 184,358 metric tons, while LME warehouse stocks grew by 2% to 577,675 tons since the beginning of the year.
