Global aluminum market is in short supply, aluminum may rise on the 18th
Global aluminum market is in short supply, aluminum may rise on the 18th。On December 17, domestic spot aluminum prices rose, and the price of spot AOO aluminum ingots from Changjiang Nonferrous Metals was reported at 14,120 yuan / ton, up 150 yuan; Chinalco East China ’s AOO aluminum ingot prices were 14,160 yuan / ton, up 160 yuan. According to the World Bureau of Metal Statistics (WBMS) data, the global primary aluminum market had a supply shortage of 298,000 tons in the first ten months. Both production and demand decreased year-on-year, and China's performance demand increased slightly year-on-year. At a low level of 600,000 tons, the fundamentals have improved marginally in the short term. Spot aluminum prices are expected to rise today.
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