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China Aluminum Market
Jan 20, 2018

Spot aluminum prices in Guangdong hit a record high of two premiums in October, 500 yuan higher than the Yangtze River aluminum price per ton, higher than the monthly settlement price of Shanghai aluminum 840 yuan per ton. After the record is established, the current market of Guangdong aluminum needs to face the risk of subsequent normalization of premium back to normal as we believe the problems caused by the problem of unblocked short-term capacity will lead to the return of abnormal premium to the normal capacity. From November to the end of the year, it is estimated that 10-20 million tons of aluminum will flow into the warehouse. At that time, the overall domestic aluminum inventory will return to above 400,000 tons, which means the market for the forcing will disappear, indicating that the fourth quarter aluminum Prices are also brewing great risk. From the rapid decline in spot market volume in October point of view, is also evident. The rapid rise in prices led to the downstream buyers moody, the volume continued to decline.

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